Topic: CME's Bitcoin futures facilitated over 11 million BTC in volume last year (Read 131 times)
January 17, 2021, 08:24:57 AM
That's not surprising at all, because the potential of this solution is noticeable even if you do only a superficial analysis. And there is a tremendous amount of detail that goes along with this, which is confirmed by both technical and fundamental analysis. I think that interest will continue to grow in the future, because cryptocurrencies are getting stronger every day, and they are independent enough to withstand a lot of market influence, and on the one hand it makes it a little bit harder to make some long-term decisions, but on the other hand it has provided opportunities to make money just in the period that we saw at the beginning of 2020. The whole market went crazy. And only cryptocurrencies remained perfectly fine.
January 17, 2021, 08:19:07 AM
Well it has tremendous promise and it really will continue in the future.
But it is definitely worth focusing on the specifics, because haste and standard analysis methods will not be the most effective solution, and on the contrary, if you try to understand in detail the mechanism of bitcoin and futures work - then you definitely have a chance to hold positions and continue working in the market even in the periods when everything looks ambiguous and complicated.
But I don't think that after such a spike, the upward movement will continue for a long time.
This literally contradicts the logic of the market, and no one will allow us to take a huge amount of money uncontrollably like that. That's a fact.
But it is definitely worth focusing on the specifics, because haste and standard analysis methods will not be the most effective solution, and on the contrary, if you try to understand in detail the mechanism of bitcoin and futures work - then you definitely have a chance to hold positions and continue working in the market even in the periods when everything looks ambiguous and complicated.
But I don't think that after such a spike, the upward movement will continue for a long time.
This literally contradicts the logic of the market, and no one will allow us to take a huge amount of money uncontrollably like that. That's a fact.
January 14, 2021, 12:15:30 AM
Source: https://www.coindesk.com/cme-becomes-biggest-bitcoin-futures-exchange-as-institutional-interest-rises
Another interesting article on CME's Bitcoin futures from Coindesk. CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest
You plagiarised with the first article.
Another interesting article on CME's Bitcoin futures from Coindesk. CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest
You plagiarised with the first article.
January 13, 2021, 03:33:01 PM
The Chicago Mercantile Exchange, or CME, recorded significant volume for its Bitcoin (BTC) futures trading product over the course of last 12 months. “More than 2.2+ million contracts were traded in 2020,” a CME representative told Cointelegraph. Each cash-settled Bitcoin futures contract at the CME is worth the dollar value of five Bitcoin.
The trading hub recorded higher than normal numbers as Bitcoin’s price heated up in December, following a break of its 2017 all-time price high of $19,892 on Dec. 1. “BTC average daily volume (ADV) reached 11,179 contracts (55.9K equivalent bitcoin) in December, up 114% YoY [year over year],” the CME representative said.
Average daily open interest, or ADOI, “reached a record of 11,108 contracts (55,540 equivalent bitcoin) in Q4, up 233% vs. Q4 2019,” according to a statement from CME Group. Big players also showed up for trading, evident in the exchange’s large open interest holders, or LOIH, count. “The number of LOIH grew to a record of 110 in the first week of December, indicating strengthening institutional interest,” the CME representative said.
The CME is planning a February launch for its Ethereum (ETH) futures, which were initially announced in December.
A number of large financial entities expressed interest in Bitcoin in 2020, including MicroStrategy and Square, who allocated large sums of capital to crypto’s first asset.
The trading hub recorded higher than normal numbers as Bitcoin’s price heated up in December, following a break of its 2017 all-time price high of $19,892 on Dec. 1. “BTC average daily volume (ADV) reached 11,179 contracts (55.9K equivalent bitcoin) in December, up 114% YoY [year over year],” the CME representative said.
Average daily open interest, or ADOI, “reached a record of 11,108 contracts (55,540 equivalent bitcoin) in Q4, up 233% vs. Q4 2019,” according to a statement from CME Group. Big players also showed up for trading, evident in the exchange’s large open interest holders, or LOIH, count. “The number of LOIH grew to a record of 110 in the first week of December, indicating strengthening institutional interest,” the CME representative said.
The CME is planning a February launch for its Ethereum (ETH) futures, which were initially announced in December.
A number of large financial entities expressed interest in Bitcoin in 2020, including MicroStrategy and Square, who allocated large sums of capital to crypto’s first asset.
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