Useless Coin Futures Volume Tops Spot as Open Interest Hits $66.4M

Useless Coin (USELESS) was priced at $0.153 in a market snapshot showing $112.7 million in 24-hour futures volume, nearly 12 times spot activity, while open interest reached $66.4 million. Spot volume was $9.5 million, making futures turnover about 11.8 times as large. Open interest measures derivative positions that remain open, but it does not reveal whether traders are positioned for gains or losses. Enna Lee reports on investing and digital-asset markets for TokenPost. Send corrections or tips to info@tokenpost.com.

Source: TokenPost