Crypto’s 24/7 Perps Turn Into Emergency Hedge as Middle East Tensions Rise
Crypto derivatives venues provided 24/7 hedging during the Middle East conflict, with oil rising 5% and gold and silver gaining as traditional markets remained closed. Significant volume concentrated in metals, with silver and gold perpetual swaps recording a combined 24-hour volume exceeding US$400 million. Bitcoin and Ethereum rebounded by over 2%, as traders utilised round-the-clock…