With the bear market in full throttle, crypto derivatives retain their popularity

as most Bitcoin traders are underwater and continue to sell at a loss. In response to the rapid decline of token prices, some investors have fled to safe-haven assets; some have exited the market completely and others have perplexingly turned to the enigmatic market of crypto derivatives.

With regards to this, Cointelegraph spoke to BingX's brand lead Emerson Li. BingX is a Singaporean social-based cryptocurrency exchange known for its leaderboards where users can compete with others for returns on investments as well as share ideas among their followers. The exchange processed around $319 million in trading volume within the past 24 hours, mainly consisting of derivates.

"BingX's users are also proliferating; compared with Q1 2022, Users number increased by 70% in the second quarter, and transaction volumes doubling since this round of slumps. We believe that its demand for derivatives is still increasing because it allows users to profit from falling prices, a feature that other products do not have."to either hedge their positions or speculate that the value of underlying tokens will fall.

Li went on to explain that BingX is also seeing a sharp increase in deposits as of late."Since high market volatility is suitable for the derivatives market, we see more users participating in such transactions and stimulating more demand for deposits." Money also appears to be flowing back to CeFi products from DeFi protocols."For high-risk products such as DeFi staking, we believe traders have panicked under the recent market, affected by the Terra — since renamed Terra Classic — affair and the

And the possibility of going short is available at most better known exchanges with higher volume that are not this exposed to market mess these days. But I see nearly all the articles by the author questionable regarding their content or colouring...

I really don't get the point of this article and don't understand why you're pushing this questionable exchange

GainsNetwork_io offers the lowest fees derivatives trading on the block. Capital efficiently and high liquidity allows gTrade to offer more trading pairs than other Defi leverage sites. Plus, guaranteed stop loss, no KYC and funding fee farming make it the only in its class.

Bitgert

Firstrade crypto branch would be provided by a company called APEX crypto BSC crypto

🤔… Every employment of euphemistic language as justification, reason and rationale for GREED on one hand and OPPORTUNISM on the other, that is CeFi, DeFi, Crypto lending, and the Vulture Capitalists that advantage it, is DISINGENUOUS and IRRESPONSIBLE!!! 🤨😔

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