This week was a whirlwind of activity in the cryptocurrency world. From Binance matching the trading volume of major Asian commodities exchanges to predictions of Bitcoin hitting a million dollars, the crypto market was buzzing with news.
Here’s a quick recap of the top stories.
Binance Matches Major Asian Exchanges In Gold Perpetuals Trading
Co-CEO of Binance, Richard Teng, revealed that the platform’s gold perpetual trading volume is now on par with several national commodity exchanges. This information is based on Binance’s research, which underscored the swift growth of perpetual futures on cryptocurrency exchanges for traditional assets like stocks, gold, and silver. These are leveraged contracts, not physical ownership or spot trading.
Bitcoin Could Reach $1 Million By 2035, Says Bitwise’s Matt Hougan
Bitwise CIO Matt Hougan predicts that Bitcoin could potentially reach $1 million by 2035, provided the store of value market continues to grow as it has for the past 20 years. Hougan believes Bitcoin is entering a long-term institutional adoption phase, driven by ETF growth, geopolitical instability, and …
