Bitcoin Futures Trading Nearly Doubled in Second Quarter of 2018, CME Group Reveals

Jul 26, 2018 at 12:15 // News
Author
Coin Idol
The CME Group released statistics that show the first ever quarter-on-quarter thorough comparison for Bitcoin futures trading volumes, as Bitcoin contracts themselves made a debut on the crypto market in December last year.

Day to day buying and selling of Bitcoin futures contracts in the second quarter of this year was 93 percent above than the last quarter.  That is exactly the claim that has been raised by the giant CME Group, one of the globe's top online platforms futures and options trading.


The CME Group released statistics that show the first ever quarter-on-quarter thorough comparison for Bitcoin futures trading volumes, as Bitcoin contracts themselves made a debut on the crypto market in December last year.  

The boost in interest in Bitcoin futures has come unexpectedly to many expert crypto market analysts, considering the bigger market climate for Cryptos in Q1 of this year.   

Confidence And Trust Among Investors   

The official approval of BTC futures contracts by the Chicago Board of Exchange late 2017, which were later on added to the markets, was considered as an extremely important initial entry for mainstream traditional finance into the huge crypto landscape.   

While Bitcoin futures markets are somewhat finite, some market analysts are expecting an inevitable move to options contracts. In contrast, futures contracts assents a buyer the right to buy an item at a set price at a certain point sooner or later, options contracts gives an identical infrastructure minus any engagement on the side of the purchaser to follow throughout the buying process.   

A mega move by Bitcoin into the options markets will more likely be considered as an indication of soaring institutional investor trust and confidence, and could more generally represent a benefit for crypto markets.   

"To get to options, however, traders need to see several months of smooth closes in the futures contract," Bob Pisano stated.