THELOGICALINDIAN - In contempo account pertaining to exchanges Sfox has attributed a abbreviation advance in the amount of BTC beyond exchanges to the added attendance of institutional investors in the cryptocurrency markets Brazils government has issued a check to three bounded crypto exchanges gluttonous to access abstracts pertaining to their operations and abstracts from the United States Commodity Futures Trading Commission CFTC has appear a abiding abatement in bearish burden on the BTC futures markets in contempo months
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SFOX Finds Increased Institutional Presence is Driving Down Crypto Price Spread Across Exchanges
Research conducted by Sfox has asserted that a beyond attendance from institutional investors has bargain the advance in the amount of BTC beyond assorted exchanges.
Danny Kim, arch of advance at Sfox, claims that the accepted advance in BTC prices hardly exceeds one-tenth of one percent, asserting that “Before institutional firms were actively trading crypto or heavily complex (before 2018) bitcoin amount differences amid exchanges assorted as aerial as 4.5%.”
Among the institutional players are a cardinal of high-frequency trading firms (HFTs), according to Mr. Kim, who added: “Some HFT firms accept been trading back crypto 2024, but accept bound themselves because the basement wasn’t there. Most if not all HFT firms crave a FIX affiliation at an barter in adjustment to barter efficiently. Crypto exchanges haven’t offered FIX connectivity until recently.”
Mr. Kim predicts that in approaching the growing attendance of institutional investors will accept a stabilizing aftereffect aloft BTC prices, stating: “As this trend continues, the stabilizing furnishings of institutional advance will extend above amount spreads, and on to amount fluctuations.”
Brazilian Government Questions Three Crypto Exchanges
The Brazilian Ministry of Finance has issued questionnaires to the three bounded cryptocurrency exchanges amid the top ten better by volume. The check comprises 14 questions evidently advised to “subsidize abstraction to Combat Corruption and Money Laundering,” according to a asperous translation.
According to bounded media, one of the exchanges has completed and alternate the questionnaire, addition barter claimed to not accept accustomed such, and the third barter claimed that it would not acknowledge to the letter as the check was not technically mandatory.
The majority of the questions affect to the exchanges’ compliance, KYC, and ecology procedures, in accession to advice apropos the accounts and advisers of the exchanges.
CFTC Data Shows Record Lows for Shorting Pressure on Futures Markets
Data appear by the United States Commodity Futures Trading Commission has appear that the account cardinal of abbreviate positions opened on the bitcoin futures markets connected to acquaintance a cogent abatement during August.
For the anniversary catastrophe on the 21st of August, the cardinal of non-commercial futures affairs of bitcoin totaled a net position of -1,266 contracts.
The cardinal of bearish positions on the futures markets has consistently beneath over the advance of the ten weeks back June’s aerial of -1,945.
Do you anticipate that a greater attendance from institutional investors can be attributed to the abridgement in the amount spreads beyond assorted exchanges? Share your thoughts in the comments area below!
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