product
Papertrade Draws Reported $3 Billion in Positions in First Hour
0Importance
closedStatus
2News media
2Pieces
- Published
- Updated
- Since then
- 2 new reports
- In
- Exchanges
Papertrade launched and quickly reached large reported trading activity, with one piece saying notional volume hit $14.4 billion within 10 minutes and another saying positions reached $3 billion in the first hour. Other coverage also put Bitcoin futures open interest at $3 billion and Ether futures open interest at $2.66 billion shortly after launch, while the platform’s balances and house liquidity were tracked at $137.1 million.
Key claims & sources
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Papertrade recorded $14.4 billion in notional volume within 10 minutes of launch.
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Shortly after launch, Bitcoin futures open interest reached $3 billion and Ether futures open interest reached $2.66 billion.
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The first hour brought reported positions of $3 billion on the platform.
Market reaction i
0.0%
2 h before
+0.3%
4 h after
$82,760price at publication
12data points
Coverage timeline
Every piece in order, with the time its news medium declares — if it is not believable we use ours and say so — and what it added to what was already known at that point. Arriving first is not the same as adding something.
first
The Defiant
scoop
Oct 10 14:57
Breaks the event: $3B and $137.1M
+4 min
Crypto Briefing
context
Oct 10 15:01
Crypto Briefing
context
Its angle: potentially, emphasizing, stability