Declining Interest in Bitcoin-Margined Futures Promises Lesser Price Volatility

Declining Interest in Bitcoin-Margined Futures Promises Lesser Price Volatility
Days of extreme price volatility during market downturns may be behind us as traders are increasingly using stablecoins or fiat currencies as collateral to trade futures contracts – an obligation to buy or sell the underlying at a later date at an agreed-upon price.Since May, the percentage of futures contracts open interest margined in the native coin has been on decline and recently fell below 50%, according to Glassnode data quoted by Delphi Digital in its daily analysis on Monday. Meanwhile, the percentage of the dollar or stablecoin-margined open interest is ticking higher. Open interest refers to number of futures…