Fortnightly updates on ETH/USD perpetual swap trades

We’ve already covered that the BitMEX crafted the XBTUSD perpetual swap relying on its strength in the financial innovation space, a genuinely distinctive derivatives instrument to any financial market. 

For now, XBTUSD has now been the most liquid crypto instrument universally by a factor of 10 and has been emulated by half dozen crypto markets.

On the back of that success, BitMEX has created a way to replicate the same Bitcoin-margined perpetual swap but on Ether/USD via a quanto pricing model. This product is the ETHUSD perpetual swap. In just under two weeks, this product has become the most liquid Ether/USD (or USD equivalent) pair globally, and has proven to be a vital instrument in speculating or hedging on the ETHUSD price pair.

ETHUSD swaps have been traded the equivalent of 800,000 ETH. The next most liquid ETHUSD and ETH/USDT markets, Bitfinex and Binance, traded just under 500,000 ETH each in the same period (as per BitMEX sources).

If you are still dubious on the pricing or trading of this instrument, please take a look back at our recent posts where we’ve run through some worked scenarios on hedging frameworks. We come up with speculative strategies in our upcoming write-ups.

Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -111 levels (which is bearish), while hourly USD spot index was at 54 (bullish) while articulating (at 08:31 GMT). For more details on the index, please refer below weblink:

http://www.fxwirepro.com/currencyindex