Bitcoin futures have experienced strong growth in the second quarter of 2018, with data released by CME Group demonstrating a 93% increase in average daily volume.
Open interest in Bitcoin futures,- the number of Bitcoin futures contracts -has also exceeded 2,400, equating to a 58% increase over Q1 2018.
The CME Group began offering BTC futures on December 17, 2018 subsequent to the launch of Bitcoin futures pioneered by the Chicago Board Options Exchange.
The availability of Bitcoin futures has remained a point of debate within the cryptocurrency community, catalyzing discussions of price manipulation.
CME's Bitcoin futures growth data is mirrored by the international average daily volume of the derivatives marketplace, with a recent press release announcing a 13% YTD growth in international average daily volume across 4.2 million contracts.
Bitcoin futures average daily volume in Q2 grew 93% over previous quarter, while open interest surpassed 2,400 contracts, a 58% increase.
Learn more about trading #Bitcoin futures: https://t.
The recent surge in Bitcoin futures interest follows an increase in the level of institutional investors entering the cryptocurrency market - recent industry movement has seen Coinbase launch a custodian solution for institutional investors resulting in the capture of a $20 billion hedge fund that will expand the financial services offered by the platform.
The highly volatile nature of the cryptocurrency market is attractive to investors seeking to capitalize on price swings via futures contracts.
The CBOE's recent Bitcoin ETF application has drawn further interest to the availability of complex financial products based on cryptoassets, with BlackRock Inc - the world's largest provider of exchange-traded funds - recently assembling a working group to investigate the potential of cryptocurrencies.
Bitcoin Futures Daily Volume Grows 93%
Publié le Jul 22, 2018
by Cryptoslate | Publié le Coinage
Coinage
Mentionné dans cet article
Nouvelles récentes
Voir tout
First Mover: What's Next for Bitcoin as Wall Street Gets Vaccine Booster
Bitcoin was higher for a second day, staying in a range of between roughly $15,200 and $15,600, as news of progress in developing a coronavirus vaccine appeared to touch off a rally in U.S. stocks.
Market Wrap: Bitcoin Fails to Break $15.9K; Over 50K ETH Staked on Eth 2.0 Contract
Bitcoin gained Wednesday while Ethereum 2.0 staking has been ramping up.
Citibank Analyst Says Bitcoin Could Pass $300K by December 2021
A senior analyst at U.S.-based financial giant Citibank has penned a report drawing on similarities between the 1970s gold market and bitcoin.
Blockchain Bites: Data Unions. Hard Forks. And One Citi Analyst's Case for $300K BTC.
A Citibank managing director thinks bitcoin could hit $318,000.