Hey ninja’s, how’s the trading going? At press time, the crypto market is trading sideways. Bitcoin is reporting daily gains of 2% and is trading at $6,922. Ethereum is trading at $160 and is reporting 25 gains in the last 24 hours. The second-largest altcoin XRP is reporting 15 losses in the last 24 hours. XRP is trading at $0.18 at press time.
Delta cryptocurrency exchanged announced that starting on the 14th of April Bitcoin/Tether contracts will be available on the exchange allowing Delta exchange users to trade BTC futures with Tether collateral.
According to the company, the release of the new BTC/USDT contract is as a result of increased demand for stable digital currency due to fears of economic recession.
The CEO of Delta Exchange explained that after Black Thursday the market saw a rise in the demand for USDT settled BTC contracts, noting that the preference of traders has shifted from BTC to USDT, noting that the timing of the release seems adequate because of the market condition and high demand.