Bitcoin's return to its pre-record highs mainly driven by spot buyers, said Catherine Coley, Binance.US CEO in an interview with Yahoo! Finance. However, Binance.US CEO highlights that the funding premiums of perpetual futures contracts are still relatively low, stacking at the range of the $12,000 mark.
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"It has really been amazing to see this rally driven largely by spot buyers," she said.
Coley points out this time acceleration of bitcoin's (EXANTE: Bitcoin) price has been largely led by the "real gains in validation we did not see in 2017." For the first time congressman, congresswoman and macro investors are understanding bitcoin.
Binance sees that the cryptocurrency infrastructure matures so that people can come and trade digital assets in different ways, Coley emphasizes.
As iHodl earlier reported, Binance's CEO & Co-Founder Changpeng Zhao (CZ) said that the exchange is seeing a real adoption of cryptocurrencies with institutional coming to the market. Despite the worldwide regulatory uncertainty regarding the crypto legalization, CZ says "things are going pretty well."
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