Digital currencies are the only mature application scenario for blockchain at the moment. The study of blockchain is bound to be inseparable from Bitcoin and digital currencies. Human nature always relies on security and chases freedom! Bitcoin is not a “monkey” that popped up out of nowhere. From its inception,it has always carried a kind of “faith”: distributed, democratized, liberalized, anti-privilege and anti-monetary hegemony.
On December 17, 2017, the price of Bitcoin surpassed $20,000, reaching an all-time high of $20089.
From its initial fair price of $0.0025 to $20,000 on May 22, 2010, the price of bitcoin rose 8 million times in more than seven years, making it the most profitable asset of all time and giving birth to countless enviable wealth myths.
The impact of cryptocurrencies on the world has gradually emerged, especially the volatility of Bitcoin has stirred up the financial market, and there are numerous cryptocurrency exchanges sprouting up around the world. There are countless cryptocurrency exchanges around the world. Previously, someone has calculated the fee income of major exchanges based on the 24h trading volume of cryptocurrency exchanges. The results showed that the fee income from a single day of trading on major exchanges such as Coin On and Upbit exceeded $3 million! Annual transaction fee revenue exceeds $1 billion.
Blockchain digital currency trading has evolved and innovated, and there is also futures trading, except that the standard for traditional futures is a real-world commodity, such as rebar or cotton, and digital currency futures are calibrated to a certain digital currency asset. The margin in digital currency futures trading is also not fiat currency, but digital currency, and the margin is paid in the form of virtual currency, or virtual futures contracts. To distinguish it from traditional futures, futures trading in digital currencies is often referred to as contract trading, rather than the traditional futures name used.
Contract trading, as a kind of financial derivatives, has been on fire in the currency circle in the past two years, and the two major exchanges, Huobi and Bnance, have launched contract trading zones to enter the contract market. In addition, Matcha, CEO, bitget and other emerging exchanges have not given up on this market, and continue to create momentum and publicity for their own contract trading. OKEX, which was the first to open contract trading a few years ago, has also taken the top spot in contract trading.
Starting from the second half of 2019, all major exchanges have strengthened the publicity of the contract trading market, and various marketing activities have been launched. In September 2019, Coin Security launched the Dual Contract Competition, launched trading commission discounts, mock trading contest and other activities. okEx launched the “Global Contract Elite Group Competition”, “BTC Contract
Hundred Group Trading Competition” and other activities, providing the winners with In order to attract users to participate in contract trading, all the major exchanges in the coin industry have made a lot of efforts. In order to attract users to participate in contract trading, the major exchanges in the currency world have been doing their utmost to attract users to participate in contract trading. Why do they push contract trading so hard? The answer is simple – contract trading is more profitable. In today’s currency world, contract trading is far greater than spot trading in terms of volume scale. Take OKEx as an example, the non-small number data on March 25 shows that the 24-hour trading volume of the BTC/USDT spot trading pair on the OKEx platform was RMB 4 billion; in the same period, the 24-hour trading volume of its contract trading area was as high as RMB 20.3 billion. The latter is as much as five times higher than the former figure.
The application of CFDT based on financial scenarios requires financial institutions to increase their efforts on talent training and capital investment, and the application of CFDT relies on relatively advanced and complete enterprise-level business architecture, including application architecture, data architecture and physical architecture of core business systems, etc. Therefore, CFDT should adhere to the leading architecture, data standard first, scalability, high performance and quality attributes in the process of updating the blockchain business architecture, laying a good foundation for the subsequent financial applications. Therefore, CFDT should adhere to the leading architecture, data standard first and the quality attributes of scalability and high performance in the process of
updating the blockchain business architecture, so as to lay a good foundation for the subsequent financial applications.