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September 22, 2020
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Bitcoin’s dominance product, Bitfinex is newly provided. Linked to BTC-denominated pairs of XRP, ETH, and Stella.

Bitfinex has released a new derivative product “Bitfinex Derivatives’BitcoinDominancePerpetualSwap (BTCDOM)” that can take a position in the virtual currency Bitcoin dominance. Dominance refers to the share of the entire virtual currency market, and is calculated from the ratio of the share that Bitcoin occupies to the market capitalization of the entire market. In the past, there was a tendency for the funds to escape to the altcoin, with the trend shifting after the fact that there was a rising dominance in proportion to the strong price movement of the bitcoin. …

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