In February, the volume of futures trading on the Crypto Facilities platform grew by more than 500%, reaching almost $ 1 billion. CoinDesk reports this, citing company representatives.
Crypto Facilities offers Bitcoin, Ethereum, Ripple, Litecoin and Bitcoin Cash futures contracts.
The company acknowledges that such a strong growth is due to a deal with the Kraken bitcoin exchange, which acquired the platform in early February. The amount of this transaction, according to some data, was $ 100 million.
According to the head of the indices development department, Sui Cheng, the company estimated the five-day period before the deal was made public and the same period after: the trading volume grew by 565%. At the same time, Bitcoin futures remain the most popular product, followed by Ethereum and Ripple.
Note that the liquidity at Crypto Facilities for contracts for Bitcoin increased by 200%, and for Bitcoin Cash and Litecoin - by 1000%.
It is noteworthy that residents of Europe and Asian countries trade on the platform, but not American citizens.