Open interest in Ether options trading has increased from $50 million to $4 billion over the last year.
Interesting article about the ever growing demand for ethereum as an investment in the options world. I guess this is a big part of the reason that ethereum has been hitting new highs after new highs. I haven't sold any of mine, in fact I'm not even doing a lot of transactions on ethereum to save on the gas fees. If you think about it, the fees are in ethereum which is going up and up, so the fee that you pay today could be a lot more tomorrow, what I mean by that is when you look back, that fee you paid 5 years ago could turn out to be a small fortune. I hope i am explaining that correctly.....
Read the full story here...
https://cointelegraph.com/news/ether-options-open-interest-grows-80-fold-amid-rising-institutional-appetite
They ned to get the fees under control or they're going to loose business elsewhere.
I think they will, but it might not be a bad idea to hedge with some of the competition....
Like who?
Binance Chain is cheap for defi stuff like pancake swap, I use that, and the binance coin is hitting all times highs
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