Bitstamp CEO “shaken” by rising demand for ether”

The volume of ether deployed in ETH 2.0 contracts reached 6,467 650 and was estimated at $ 15.9 billion. As the days of ETH 2.0’s main network integration approach, merchants ‘ interest in ETH deployment is also growing. Several kryptobirzh have begun offering services to stop ether in light of growing demand.

Bitstamp has also started offering strike services for ETH and chief executive Julian Sawyer said he was impressed by the high interest from traders. Said:,

“And there are … the correct term in terms of the amount of interest received is ” he said”

The volume of Ether exchange has consistently fallen to a 3-year peak. The second – largest cryptocurrency is currently trading at $ 2470, up 15% from last week. The altcoin price has recovered, along with bitcoin, after falling below $ 2,000 in the past two months.

Source: Glassnode
The current price increase is also due to the upcoming integration of EIP-1559 during the London Hardfork, scheduled for the first week of August.

Traders invest 50% of their business
Sawyer found that demand for offers was very high, with traders putting in not just a small portion of their business, but 50%. Said:,

“This says a lot. They’re not people who play, they’re like, ” Oh, just 1%, 10%, I’m going to put $ 100 in here.”These are people who are involved in a number of products and are interested in them.”

The mood is highly bullish, with the likes of JP Morgan and Goldman Sachs claiming it could eventually turn into a store of value. JP Morgan also predicted that the ether shake-up Sunday could turn into a $ 40 Billion Industry.

The transition from proof-of-work network to Stake ETH 2.0 proof network is listed as the largest blockchain update for the ethereum network since its inception. Vitalik Buterin, the founder of blockchain, said the current network’s mission is n

Join the Discussion

  • BrokerEUR/USD
    InterTrader 0.6pips (fixed) margin: 3.33%
    CMC Markets 0.7pips. (variable) margin: 3.33%
  • Back to top