Futures
Access hundreds of perpetual contracts
TradFi
Gold
One platform for global traditional assets
Options
Hot
Trade European-style vanilla options
Unified Account
Maximize your capital efficiency
Demo Trading
Introduction to Futures Trading
Learn the basics of futures trading
Futures Events
Join events to earn rewards
Demo Trading
Use virtual funds to practice risk-free trading
Launch
CandyDrop
Collect candies to earn airdrops
Launchpool
Quick staking, earn potential new tokens
HODLer Airdrop
Hold GT and get massive airdrops for free
Launchpad
Be early to the next big token project
Alpha Points
Trade on-chain assets and earn airdrops
Futures Points
Earn futures points and claim airdrop rewards
More
Circle $CRCL currently has a lot of speculative components in its valuation, and its revenue is heavily affected by interest rate changes. Essentially, it is a bank-like company engaged in interest rate arbitrage, and its valuation has been inflated by the hype around stablecoin concepts.
The secondary market still relies on EV and forward PE ratios because there is a clear DCF valuation, especially for cash flow business models like CRCL that resemble banks.