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Points
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Convert & Block Trading
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Futures
Futures
Hundreds of contracts settled in USDT or BTC
Options
HOT
Trade European-style vanilla options
Unified Account
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Futures Kickoff
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Futures Events
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Demo Trading
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Investment
Simple Earn
VIP
Earn interests with idle tokens
Auto-Invest
Auto-invest on a regular basis
Dual Investment
Buy low and sell high to take profits from price fluctuations
Quant Fund
VIP
Top asset management team helps you profit without hassle
Crypto Loan
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Pledge one crypto to borrow another
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One-Stop Lending Hub
VIP Wealth Hub
New
Customized wealth management empowers your assets growth
Private Wealth Management
Customized asset management to grow your digital assets
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Stake cryptos to earn in PoS products
BTC Staking
HOT
Stake BTC and earn 10% APR
GUSD Minting
New
Use USDT/USDC to mint GUSD for treasury-level yields
Soft Staking
Earn rewards with flexible staking
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Bloomberg: Bitcoin's record rise is attributed to the growing bets in the options market.
On October 7, Bloomberg reported that due to the U.S. government shutdown prompting investors to flock to safe-haven assets, a capital migration known as "devaluation trade" drove Bitcoin to a historic high on Sunday. This rise comes amid the government shutdown, which has increased demand from investors for what are viewed as safe-haven assets. Due to the shutdown, the U.S. Bureau of Labor Statistics failed to release non-farm payroll data on Friday. Meanwhile, gold prices broke through $3900/ounce on Monday, reaching a new high and continuing a months-long rise, while Bitcoin led the way among Crypto Assets. JPMorgan analysts noted in a report on Friday: "Against the backdrop of Washington dysfunction, the devaluation pattern of the dollar relative to other reserve assets has reemerged."