[2019-05-22]May to Become Strongest Month for CME’s Bitcoin Futures Trading: Rep

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Quote from: rodel caling on May 22, 2019, 04:58:41 PM

this report volume traded by CME is have big help for the bitcoin become stable in the coin market cap.

Not sure if it's actually a big help as you put it. The increase in cash settled contracts eats up a lot of the spot demand, which isn't something we can discard when CME frequently trades over 100,000BTC a day. I hope that Fidelity and Bakkt will be able to push it back a bit, but CME's influence on the market is a bit worrying.

At first no one gave a shit about them due to how low the volumes were, but when you're easily surpassing Coinbase, Bitstamp and Kraken combined in trading volume, you have a say in this market.

Gold's market has been trashed by cash settled products, and in the long run I expect the same to happen to Bitcoin's market, especially with how there aren't enough coins available. The CME CEO even said that one of Bitcoin's biggest 'obstacles' is the lack of available supply. Obstacle for them is a good thing for people holding the actual asset. Grin

CryptoBry

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Quote

CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for BTC futures trading, industry news outlet The Block reports May 21. The publication has reportedly cited data from an external email from CME.

I am aware that there are people who really believe that bitcoin futures trading is not good for bitcoin. Nevertheless, the surge in the contracts bought in the CME platform is showing us that there is a growing interest for bitcoin and possibly a more positive outlook for the coin otherwise this growing interest will not be happening. Can this trend continue for this year and even into 2020? Yes, there is a big possibility for that especially that the bull run is forming right before our eyes.

Jating

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Quote from: rodel caling on May 22, 2019, 04:58:41 PM

Great big news for the bitcoin communities the signal indication for bull run are also very strong for the bitcoin future, this report volume traded by CME is have big help for the bitcoin become stable in the coin market cap.

Nah, I wouldn't say that it's a good indication for bitcoin to become stable.

When Bitcoin Futures offering came into the scene, there's a lot of speculation that it can have a negative effect on the market, and that's what we witnessed in 2018.

And we can't take for granted manipulation behind, which has been seen in precious metals for quite some time now.

rodel caling

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Great big news for the bitcoin communities the signal indication for bull run are also very strong for the bitcoin future, this report volume traded by CME is have big help for the bitcoin become stable in the coin market cap.

Vladdirescu87

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May to Become Strongest Month for CME’s Bitcoin Futures Trading: Report

CME Group, the second global exchange to list bitcoin (BTC) futures, is about to record the biggest trading month for BTC futures trading, industry news outlet The Block reports May 21. The publication has reportedly cited data from an external email from CME.

The Chicago Mercantile Exchange purportedly revealed that the average daily bitcoin futures trading volume hit a new high of 14,000 contracts solely in May 2019.

https://cointelegraph.com/news/may-to-become-strongest-month-for-cmes-bitcoin-futures-trading-report

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