Current State of the Ethereum Market
So the Ethereum market is going through a huge change right now. We’re moving from a pretty stable trading environment to one full of speculative trading. This shift is highlighted by a big uptick in trading volumes and open interest. For example, Binance’s ETH trading volume has hit over $6 trillion this year—two to three times higher than last year—and open interest is over $12.5 billion, which is five times what we’ve seen before. This change is crucial for understanding the new landscape startups have to navigate in crypto banking.
How Speculation is Impacting Ethereum Trading Dynamics
The current Ethereum market is all about speculation, and that’s leading to a lot more volatility. This creates both opportunities and…
