Even a 500% Increase in Crypto Facilites’ Trading Volume Didn’t Affect Bitcoin’s Price

Even $1 billion worth of trading in crypto futures hasn’t affected the price of bitcoin much. Behaving against the general perception of the prices changing after the market being overbought, the 500% increase in Crypto Facilities’ futures trading didn’t lead the market into a bull run. Kraken’s acquisition of Crypto Facilities is considered to be one of the biggest acquisition in this space. The success of the acquisition is marked by the fact that almost $1 billion in crypto futures have been traded over the platform in the last month.

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