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25 January 2021

Ethereum options volume hits record high—but why is demand surging? | CryptoSlate

Ethereum options volume hits record high—but why is demand surging? | CryptoSlate

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The volume of the Ethereum options market hit a record high as the demand for ETH increased in recent weeks.

In the near term, despite the release of Eth2, mining on the Ethereum blockchain network would continue.

The Eth2 network upgrade moves Ethereum from the proof-of-work (PoW) consensus algorithm to the proof-of-stake (PoS) algorithm, which eliminates mining.

The data from the Ethereum options market also explains the massive volatility ETH has seen to date

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Cryptoslate.com

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finance investing currencies & foreign exchange

tags

ethereum cryptocurrency blockchain proof-of-work system proof-of-stake
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