The cryptocurrency exchange Bitfinex launched the perpetual swap BTCDOMF0:USTF0, which allows traders to speculate on the fluctuations of bitcoin in relation to the most liquid altcoins.
The company’s blog says the new tool tracks BTC price changes relative to a pool of seven crypto assets – ETH, EOS, LTC, XRP, BCH, XTZ and XLM. The specifications of the new derivative can be found here.
According to CoinMarketCap, bitcoin reigns supreme in the crypto space, occupying 67.1% of the market share.
In January 2018, against the backdrop of the rise of various altcoins, including Ethereum, the dominance index dropped to 32%. This indicator was higher than at present until the beginning of 2017.
Among other things, Tron Foundation CEO Justin Sun announced the launch of TRX token staking on Bitfinex, which provides a reward of 6-8% per annum.
#TRX is now available for Staking on @bitfinex! Estimated annual staking rewards are 6%-8%. Bitfinex soft-staking program allows users to easily & securely generate rewards by simply holding digital tokens on Bitfinex. Learn more & started $TRX Staking at //t.co/KfIaohasG9 pic.twitter.com/E0tPvTmepl
— Justin Sun (@justinsuntron) May 7, 2020