The Chicago Mercantile Exchange (CME), a global derivatives marketplace, revealed that Bitcoin futures investors lean towards cash payments over the physical delivery method they receive in Bitcoin (BTC).
Investor and analyst interest in derivatives (futures) has been rising significantly since bitcoin (BTC) derivatives trading volume hit an all-time high last month. According to CME Group data, on January 16, there were 5,328 contracts for outstanding futures, amounting to 26,640 BTC (approx. US$237 million). This figure is said to be the highest since CME futures were first introduced in December 2017.
Bitcoin futures trading on the world’s leading options and futures contracts open interest exchange of any futures exchange Chicago Mercantile Exchange (CME), a global markets company, has more than doubled in 2019. CME is registering some of its highest 24-hour trading volumes since its official launch.
The CEO of the foremost U.S. derivative market CME Group Terry Duffy revealed on March 25, that Bitcoin’s finite supply (limited amount) is a big challenge for regulators. This makes over 21 million Bitcoin (BTC) which will ever exist a totally different thing compared to the ever-growing money supply of now.
The dynamics which drive the Bitcoin market seem to have a lot of similarities with the atmospheric dynamics that drive the thunderstorm (electrical storm) lifecycle. Particularly, since Crypto.IQ is largely based in Sarasota, FL, then we can easily compare and contrast the BTC market to the sea breeze.
Nasdaq Inc. is progressing with a plan of listing Bitcoin (BTC) futures, according to two people acquainted with the matter, betting on continuous interest despite crypto's dramatic fall over the past 12 months.
A new and fresh plot begins in the soap opera of the ETFs on Bitcoin with the sending of an official letter from the SEC to NYSE heads. The letter communicates to the concerned people in control of the New York market which the commissioners have demanded studies in depth and the sentiment sent out this very week could be revised and reviewed.
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.