Cryptocurrencies
Crypto Complex Left Reeling as Bitcoin’s VIX Blasts Past 110
- Surging volatility hits options markets in widespread selloff
- Funding rate tumbles on online exchanges as demand weakens
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Bitcoin’s plunge below $40,000 is sending shock waves across the booming world of crypto derivatives.
Just as big S&P 500 selloffs rock options and futures markets, the speculative ecosystem underpinning the industry is getting whipsawed by the $500 billion rout in the biggest cryptocurrency -- a meltdown now deepening with disruptions at Binance and Coinbase, two major exchanges.