Bitcoin is the leading digital currency in the crypto space, both in terms of popularity and market capitalization. This makes it unique, and its price movements have a major impact on the entire space. Like traditional assets, Bitcoin price is also dedicated by market forces, but its inherent characteristics, such as its decentralized nature, cross-border capabilities and increasing scarcity, introduce additional factors that directly impact its price.
Moreover, given Bitcoin's recognition as a legitimate asset class, institutional investors have also entered the market, giving rise to the creation of more sophisticated trading products like futures and options.
In order to support this growth, OKEx, being a leading crypto exchange, has taken various initiatives to make Bitcoin and crypto trading more accessible to a global user base.