Tags : futures

Bitcoin

Goldman Sachs announces Ethereum futures, institutional interest grows

US multinational bank Goldman Sachs Group Inc. plans to offer trading in Ethereum (ETH) futures, the company’s global head of digital assets, Mathew McDermott, told Bloomberg. Futures are financial instruments that allow traders to bet (usually with ‘leverage’) on the price movements of underlying assets without the need to hold that asset. This helps avoid […]Read More

Cryptocurrency

Traders lose $46.5 million on first day of SHIB futures

Shiba Inu (SHIB), the meme coin that was launched as a Dogecoin rival back in 2020, zoomed to the top-20 market cap yesterday after a TikTok- and social media-driven frenzy, data shows. Traders, however, lost millions of dollars punting on the currency’s futures. Millions gone SHIB “investors,” as recent as those in the past week, […]Read More