🎢 Ether options volume hints at bearish sentiment as the $1,850 support falters. What can be the reasons? 📍Firstly, th…
🎢 Ether options volume hints at bearish sentiment as the $1,850 support falters. What can be the reasons?
📍Firstly, the regulatory environment seems to have gotten stricter for centralized exchanges. Dubai-based Bybit, for instance, announced that all users must complete Know Your Customer (KYC) identity verification for order execution and withdrawals.
📍United States-based crypto exchange Gemini announced on April 21 the upcoming launch of a derivatives platform outside the U.S. The uncertain regulatory environment forced the company to seek alternative regions, though only clients from selected regions can access the new service.
📍Given its lower use in decentralized applications (Dapps), the Ethereum network is probably experiencing its own problems. For starters, total deposits on Ethereum's smart contracts in ETH terms plunged to their lowest levels since August 2020.