Binance, one of the most popular and recognized cryptocurrency exchanges in the world continues to expand and offer new services.
Read more on usethebitcoin.com: Binance News Roundup August 22
› Bitcoin Is Above $10,000 For The Fourth Longest Period
According to data from the pseudonymous analyst “Hsaka,” the recent uptrend is the fourth-longest period Bitcoin stayed beyond $10,000. Through Grayscale and CME, institutional investors have increasingly gained exposure to Bitcoin since early 2020. Data from Skew shows that CME’s Bitcoin futures market’s open interest has hit a new high. The assets under management (AUM) of Grayscale recently surpassed an all-time high above $6.1 billion, indicating surging interest for cryptocurrencies.
Read more on cryptocrunchapp.com: Bitcoin Is Above $10,000 For The Fourth Longest Period
› Grayscale’s Litecoin Trusts Seeing Intense Demand
This week data from Arcane Research shows there’s been massive demand for Grayscale’s recently launched publicly traded crypto trusts. Grayscale Investments’ Litecoin Trust (LTCN) and Bitcoin Cash Trust (BCHG) are seeing intense demand since the official launch this past Monday. According to statistics from Arcane Research, LTCN was selling for a 753% premium while the BCHG trust was selling for a 351% premium. Arcane Research said LTCN traded with a wild premium since the launch.
Read more on cryptocrunchapp.com: Grayscale’s Litecoin Trusts Seeing Intense Demand