Last year, in aggregate, hedge funds returned just over 10%, significantly underperforming the S&P 500 index’s return of 26.9%. Their crypto counterparts, however, outperformed the market and digital asset indices.
Nasdaq-listed cryptocurrency exchange Coinbase is planning on launching derivatives trading after acquiring derivatives trading platform FairX. FairX is a Designated Contract Market (DCM) derivatives exchange regulated by the CFTC.
Bank of America has told clients in a research note that the Solana blockchain could become the “Visa of the digital asset ecosystem” as it focuses on scalability, low transaction fees and ease of use.
Top stories in the Crypto Roundup today:
- Crypto Funds Outperformed Traditional Hedge Funds
- Coinbase to Launch Derivatives Trading After New Acquisition
- Solana Could ‘Become the Visa’ of Crypto: BoA
- What is Solana (SOL)?