Bitget Futures Market Updat

Bitget App

Trade smarter

Bitget

News

Bitget2024/06/24 06:08

By:Bitget

Asset tokenization to reach $2T by 2030 despite ‘cold start’ — McKinsey

Tokenized financial assets have had a “cold start” but they are tracking to reach a market size of about $2 trillion by 2030, say analysts at consulting firm McKinsey Company.

“In a bullish scenario, this value could double to around $4 trillion,” the analysts wrote on June 20, despite being “less optimistic than previously.”

McKinsey’s analysts said there’s been “visible momentum” on tokenization, but broad adoption is still far away as modernizing existing financial infrastructure is “challenging, especially in a regulation-heavy industry such as financial services.”

The analysts expected cash and deposits, bonds and exchange-traded notes (ETNs), mutual funds and exchange-traded funds (ETFs), loans and securitization to reach “meaningful adoption” first — meaning a $100 billion of tokenized market capitalization by 2030.

Source: CoinTelegraph

Futures Market Updates

Markets turned bearish after Bitcoin fell below $64K.

Bitcoin Futures Updates

Total BTC Open Interest: $33.51B (-1.41%)

BTC Volume (24H): $31.58B (+105.21%)

BTC Liquidations (24H): $33.31M (Long)/$891.25K (Short)

Long/Short Ratio: 46.78%/53.19%

Funding Rate: 0.0028%

Ether Futures Updates

Total ETH Open Interest: $15.14B (-1.91%)

ETH Volume (24H): $19.60B (+106.49%)

ETH Liquidations (24H): $27.98M (Long)/$437.91K (Short)

Long/Short Ratio: 46.97%/53.04%

Funding Rate: 0.0049%

Top 3 OI Surges

MTL: $23.51M (+127.43%)

LADYS: $80.44K (+51.88%)

DRIFT: $1.39M (+39.73%)

Disclaimer: The content of this article solely reflects the author's opinion and does not represent the platform in any capacity. This article is not intended to serve as a reference for making investment decisions.

PoolX: Locked for new tokens.

APR up to 10%. Always on, always get airdrop.

Lock now!