US traders have one more place where they can place bets on the future price of BTC. It’s becoming a little more common for exchanges to have the government’s blessing to trade BTC derivatives. Bitnomial Exchange is the latest to join this mostly private party, having received a so-called “order of designation” from the Commodity…
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Crypto exchanges saw record trade in March, with the global market crash driving all-time highs for both spot and derivatives trading. CryptoCompare has published its monthly report analyzing the trade activity on crypto exchanges. The record-breaking crash of March 12 and 13 drove new all-time volume highs in both the spot and derivatives markets. March…
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After breaking above $1 billion for the third time ever, daily volume for CME Bitcoin futures has plummeted by roughly 50% for three consecutive days. Daily trade volume for Chicago Mercantile Exchange (CME)’s bitcoin (BTC) futures produced a new low for 2020 on Feb. 21, with $118 million worth of contracts changing hands on Friday.…
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CME’s chief economist said he now sees Bitcoin as a portfolio hedge, which is a thought train Anthony Pompliano has led for years. Mainstream financial entities are beginning to see Bitcoin (BTC) as a non-correlated asset, a concept Morgan Creek Digital Co-founder Anthony Pompliano has been promoting for over a year. “If Bitcoin is not…
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CME Bitcoin futures investors were trading the equivalent of $10,000 per Bitcoin as weekly gains top 5%. Bitcoin (BTC) crossed the $10,000 mark for swathes of institutional investors this week as markets looked increasingly likely to surge higher still. Bitcoin 7-day price chart. Source: Coin360 CME reaches $10K per Bitcoin Data from CME Group’s Bitcoin…
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There were signs in 2019 that large institutions are moving closer to embracing cryptocurrency and blockchain technologies. Slowly but surely, institutional players are moving into the crypto/blockchain neighborhood. According to a 2019 Fidelity Investments survey, about 22% of institutional investors already have some exposure to digital assets, with most investments having been made within the…
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CME has passed the $100 billion volume mark for its Bitcoin futures trading product. The Chicago Mercantile Exchange, or CME, has hosted over $100 billion in volume for its Bitcoin futures trading product. “CME Bitcoin futures have surpassed $100 billion in total notional value traded since their launch in December 2017,” CME Group Managing Director…
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CME’s recent launch of BTC options on futures is already generating significant volume, but will it have any effect on Bitcoin’s price? CME Group launched new Bitcoin options on Jan. 14, which was revealed by the company’s global head of equity products Tim McCourt. The introduction of crypto options by a derivatives heavyweight in CME…
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CME launched its first Bitcoin options product, but is its initial success a matter of good timing? In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a…
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Open interest hovers around $237 million with trajectory clearly pointing to a fresh record coming in January, with volume at three-month highs. Bitcoin (BTC) derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs. Data from CME Group shows that as of Jan. 16, open…
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