Market participants decided against waiting for traditional exchanges to reopen following the elections in Brazil this past weekend. A total of $218M was transacted from the time the voting stations closed right through to the US morning.
As the voting outcomes began to surface on Sunday night, the hourly trading volume for EWZ perps climbed from $1M to $52.8M between 19:00 and 00:00 UTC. Furthermore, Pyth supplied the pricing for 99% of this volume.
As the voting outcomes began to surface on Sunday night, the hourly trading volume for EWZ perps climbed from $1M to $52.8M between 19:00 and 00:00 UTC. Furthermore, Pyth supplied the pricing for 99% of this volume.
