ChainCatcher news, according to Cryptoslate, based on a report from the Central Bank of Bolivia (BCB), since Bolivia lifted its ban on Bitcoin in June, the country's virtual asset trading volume has more than doubled in the past three months.From July to September, the average monthly trading volume surged to $15.6 million, compared to $7.6 million in the first half of the year. This significant increase brought the total trading volume for the quarter to $46.8 million, surpassing the levels of the previous six months. The number of virtual asset transactions also grew by 141%, rising from 932,000 transactions in the same period to 1,123,000 transactions. This growth reflects an increasing acceptance of virtual assets among financial institutions and individual users.Since the issuance of Resolution No. 082/2024 on June 25, the trading volume of virtual assets has skyrocketed, allowing the purchase and sale of virtual assets using electronic payment methods, with stablecoins accounting for the majority of the transactions.

ChainCatcher news, cryptocurrency market maker Wintermute announced that its crypto CFD (Contract for Difference) product is now live on the electronic over-the-counter platform Wintermute NODE. Since its launch in February this year, Wintermute's crypto CFD trading volume has increased 19 times from March to August. The company also pioneered the launch of GMCI index CFD trading on the over-the-counter desk.Wintermute CEO Evgeny Gaevoy stated that the company believes the adoption of crypto derivatives and market expansion will surpass that of traditional finance. The new feature supports using almost any fiat or crypto asset as margin for derivative trading, including cryptocurrencies, fiat currencies, and liquid staking tokens.

ChainCatcher news, Bloomberg ETF analyst Eric Balchunas pointed out that, unlike the usual trend of declining trading volume day by day after the launch of new products, the nine newly listed spot Bitcoin ETFs experienced a 34% increase in trading volume on the 5th day compared to the 4th day after their listing, which is relatively rare in the market. In this regard, Balchunas further analyzed that this unusual increase in trading volume is not caused by market volatility, as all products except GBTC have seen an increase in trading volume.In addition, he also mentioned that the discount issue currently facing GBTC is worsening, with its discount widening back to 96 basis points, which may be due to selling pressure, but the exact reason still needs to be observed from the flow of funds.