#futures

The Stellar Development Foundation has announced that it joins an advisory committee of the U.S. Commodity Futures Trading Commission. Blockchain company Stellar will join representatives of traditional financial markets such as J.P. Morgan, Goldman Sachs, and BlackRock and get a say in institutional-level issues. SDF representatives noted that they will primarily focus on the use of Layer 1 protocols in government agencies and bank transfers in stablecoins.

The open interest in bitcoin futures reached an annual high of $12 billion. This indicates a notable increase in liquidity, which is a vital factor for the markets. Also, trading volumes on decentralized exchanges hit all-time highs over the past 16 months.