Futures

The outbreak of coronavirus triggered a significant growth of cryptocurrency scams in early 2020. Now, the second wave of the pandemic might trigger another boost of fraudulent activity.

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.

This week has seen more signs that bullish trends have returned to Bitcoin (BTC) and the entire cryptocurrency market. The next bull run could be near.

The financial and securities watchdog silently accepted a fund tied to the BTC futures market just a few days ago — an effort which many experts say vividly widens the chances for the endorsement of other ETFs sooner or later.

The crypto markets have experienced explosive growth since Bitcoin’s inception in 2009, and this is emblematic by the massive climb in the aggregated market’s 24-hour trading volume – which has surged from roughly $10 million in 2014 to hitting over $100 billion in late-October.

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 beta-testing of Bitcoin futures contract for ICE-backed cryptoasset trading platform Bakkt was carried out successfully, as per the press release from Mr. Adam White, the COO of Bakkt. The platform has industriously launched customer acceptance testing for its cryptocurrency futures traded and cleared at Intercontinental Exchange Futures US and ICE Clear US respectively.

Bakkt, a platform designed to support cryptocurrencies and Bitcoin (BTC) futures, is now getting ready to roll out soon, according to Jeffrey Craig Sprecher, the head of the Intercontinental Exchange (ICE), the parent company of Bakkt, however, he never revealed or set a company timeline.