FTX Market Recap 2020-07-19
Weekly Price Movements:
BTC-PERP: -0.65% | ETH-PERP: -1.42%
ALT: -2.91% | MID: +3.36% | SHIT: -2.03% | DEFI-PERP: +9.11%
BVOL: -14.82% | iBVOL: +13.58%
HASH: -0.73%
Jul 13 04:01 - Jul 19 00:00 UTC
SXP-PERP: +115.91%
Jul 17 04:16 - Jul 19 00:00 UTC
DMG-PERP: -4.44%
Jul 18 07:20 - Jul 19 00:00 UTC
DOT-PERP: +1.41%
Commentary
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BTC has been historically stable this week, moving with less than 30% annualized volatility, which is comparable to volatilities in traditional finance. Relatedly, the market expects volatility to increase in the coming weeks: BTC-MOVE-WK-0814 is trading 20% higher than BTC-MOVE-WK-0731! We’re excited to see interest in our MOVE/BVOL products grow and hope this continues!
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DeFi continues to be hot: DEFI-PERP is up another 9% this week. We’re happy to support the DeFi ecosystem and plan to continue partnering with projects in the space!
Announcements
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FTX launched SXP-PERP markets (futures, spot, and leveraged tokens)
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FTX launched DMG-PERP markets (futures, spot, and leveraged tokens)
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FTX launched DOT-PERP markets
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FTX now accepts TRC20 USDT deposits and withdrawals
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SXP Trading Competition and Depositing/Net Buying Bonus Campaign are live!