Finance

FireUp Finance Launches Its Alpha Mainnet on Binance Smart Chain(BSC)

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    Hong kong, Hong Kong, July 18th, 2024, FinanceWire

    FireUp Finance announces the launch of its Alpha Mainnet. This highly anticipated milestone signifies the platform’s transition from development to a live, operational environment. Early adopters and enthusiasts can now experience FireUp’s user-friendly interface and explore the exciting world of high-frequency options trading on a decentralized platform. This launch marks a significant step forward for FireUp Finance, ushering in a new era for DeFi options with its focus on user experience, self-custody, and transparent pricing.

    Waveslab Ventures firmly believes in FireUp Finance’s infrastructure and its potential to contribute to the DeFi ecosystem. For Waveslab Ventures, investing in high-growth blockchain companies goes beyond profit. They see it as a mission to drive innovation and unleash the transformative potential of blockchain technology. They Sibelieve that blockchain has the power to disrupt industries, reshape existing models, and empower individuals with greater financial and data control.

    FireUp Finance stands out in the DeFi realm by placing user experience and self-custody at its heart. The intuitive interface makes it easy for all traders to get started, whether they are experienced futures veterans or investors new to the derivatives market. Unlike traditional centralized exchanges, FireUp Finance operates in a non-custodial mode. This means that users do not need to undergo KYC verification and always retain full control over their own assets. The platform cannot suspend, blacklist, or freeze accounts, ensuring traders’ trust and autonomy.

    Driven by a belief in the future of cryptocurrency and blockchain technology, Benford Blumer, CEO of Waveslab Ventures, wholeheartedly supports the development of the FireUp platform. He believes that FireUp Finance will serve as a bridge connecting blockchain technology to real-world applications, laying a solid foundation for the widespread adoption of blockchain technology.

    Blumer envisions the FireUp Finance platform empowering developers to build the next generation of blockchain solutions while ensuring compliance and safeguarding user data. This will propel the widespread adoption of blockchain technology across various industries, including finance, supply chain, delivering more convenient, secure, and efficient service experiences for users.

    About FireUp Finance

    FireUp Finance, a decentralized protocol that revolutionizes the realm of decentralized finance by introducing lightning-fast order execution and enhanced liquidity. Its innovative infrastructure caters to traders seeking to capitalize on market fluctuations and optimize their strategies.

    Contact

    Mr
    Simon blanc
    Fireup
    [email protected]

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    Bybit Report Captures Nuanced Sentiment Shifts: Positivity in Derivatives Market Despite Spot Price Decline in Sep.

    2024-10-04T14:32:08Z

    DUBAI, United Arab Emirates, Oct. 04, 2024 (GLOBE NEWSWIRE) -- Bybit, the world’s second-largest cryptocurrency exchange by trading volume, in collaboration with BlockScholes, released a comprehensive report deciphering movements in the derivatives market and painted a positive picture of underlying sentiment. 

    The latest data revealed that short-term options have only recently mirrored long-term volatility smiles which have consistently favored out-of-the-money (OTM) calls. Spirit remains high in the derivatives market. This is against the backdrop of the volatility premium created by the upcoming U.S. presidential election for options expiring after Nov. 5, 2024, and the recent decline in spot prices in September. 

    Key Highlights:

    • Futures: The surge in trading volume at month-end in Sep mainly concentrated in BTC contracts, and led to a notable decline in open interest as traders opted not to close their positions instead of rolling over. Data showed much lower future activity than that in perpetual swap markets. 
    • Perpetuals: The Sep. wave of contract expirations had less of an impact on perpetual swap contracts. Despite a decline in perpetual open interest at the end of the month, it does not translate to a significant decline, especially given the encouraging level of trading volumes recorded over the last two days of Sep.  
    • Options: The upcoming U.S. election continues to move markets, heavily influencing the BTC options. Longer-term and short-term options before the election displayed different volatility expectations, while actual volatility has reached new lows for the month since the Fed rate cut. 

    Tiding over to Oct., the first week of Q4 saw patterns reflecting the shifting sentiment. The nature of BTC spot prices however dictates sentiment is only one driver among many broader macroeconomic factors. 

    Download the Full Report

    For a comprehensive analysis and in-depth findings, download the full report here.

    #Bybit / #TheCryptoArk

    About Bybit

    Bybit is the world’s second-largest cryptocurrency exchange by trading volume, serving over 50 million users. Established in 2018, Bybit provides a professional platform where crypto investors and traders can find an ultra-fast matching engine, 24/7 customer service, and multilingual community support. Bybit is a proud partner of Formula One’s reigning Constructors’ and Drivers’ champions: the Oracle Red Bull Racing team.

    For more details about Bybit, please visit Bybit Press

    For media inquiries, please contact: [email protected]

    For more information, please visit: https://www.bybit.com

    For updates, please follow: Bybit’s Communities and Social Media

    Discord | Facebook | Instagram | LinkedIn | Reddit | Telegram | TikTok | X | Youtube

    Head of PR

    Tony Au

    Bybit

    [email protected]


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