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The common idea that the bitcoin price drops just before the cryptocurrency futures contracts expire has no solid basis, a new study published by Cindicator suggests. The report, titled Bitcoin Futures: Market Evolution, studied bitcoin volumes on futures and spot cryptocurrency exchanges to get an idea about the liquidity and development of the holistic trading market.
The post Bitcoin Price Not Correlated to Futures Expiration Dates: Research appeared first on CCN
Bitcoin (BTC) futures trading activity on the Chicago Mercantile Exchange (CME) surged again this quarter, as the average daily volume in Q3 grew 41% versus Q2. In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets. https://t.co/Yt41SzsHku […]
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Bitcoin futures trading is up. American financial market company CME Group Inc. announced on Twitter early on the morning of Wednesday, October 17, 2018, that its futures products are experiencing rising volume, explaining, “In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2.”
This is a massive improvement over just two months ago when CME stated that volumes on the futures markets had been in the hole for three consecutive trading sessions. During that time, CME’s data reported less than 2,500 BTC transactions — down from over 8,000 at the month’s midpoint. This represented a fall of nearly 70 percent over eight days.
Bitcoin futures trading volumes continued to rise in Q3, with derivatives exchange CME reporting a 41 percent quarter-over-quarter increase in average daily volume. Bitcoin Futures Volumes See Major Bump in Q3 During Q3, the exchange averaged 5,053 contracts — each equivalent to 5 BTC — traded during each daily trading session, representing 25,265 BTC in
The post Bitcoin Futures Trading Rose 41 Percent in Q3: CME appeared first on CCN
When derivatives exchanges CBOE and CME launched the first regulated U.S. bitcoin futures contracts, many cryptocurrency bulls thought that this event would lead to a wave of institutional investment and propel the market toward even greater highs. Just days later, the yearlong bitcoin price rally stalled, and the flagship cryptocurrency — followed soon after by
The post Bitcoin Futures Helped Cryptocurrency Market Achieve ‘More Sustainable Level’: CFTC Chairman appeared first on CCN
US broker TD Ameritrade has confirmed it is rolling out a more comprehensive cryptocurrency trading portfolio in what mainstream media describes as the firm going “full crypto.”
TDA, which was one of the first finance giants to offer Bitcoin futures trading, plans to enter into a strategic investment with exchange ErisX along with Virtu and DRW Holdings. The latest mover in the institutional investment sector to target Bitcoin again, TDA’s partnership will ultimately facilitate physical Bitcoin futures, matching plans by Intercontinental Exchange’s forthcoming Bakkt platform.
Cryptocurrency attracts a diverse crowd, from speculators to scammers, and from financiers to gamblers. These groups, and their often opposing aims, are what make the cryptoconomy such a strange yet compelling place. In today’s edition of The Daily, for instance, we’ve got stories pertaining to a Wall Street-funded futures exchange, another US platform ending its margin trading, a company that will trade your token to simulate demand for it, and an obligatory new stablecoin.
Also read: Six of the Best Cryptocurrency Calendars
The bitcoin price broke out of its early-week slump on Thursday, scrambling back above $ 6,700 to return to its weekend levels. Bitcoin had entered the week near $ 6,700 after briefly extending as high as $ 6,815 last Friday. However, the flagship cryptocurrency took a moderate dip on Monday, a correction that ultimately forced BTC below $ 6,400
The post Newsflash: Bitcoin Price Pops to $ 6,745 ahead of Quarterly Futures Expiration appeared first on CCN
With Bakkt hitting the headlines for their new Bitcoin Futures contracts announcement, LedgerX are now moving forward with their new Ethereum Futures project, one that could kickstart a new movement within Ethereum offerings, in the same way the first Bitcoin Futures contracts did at the end of 2017. Whilst we don’t expect it to have a such a huge impact on the markets, we can see Ethereum Futures being very beneficial for the future of institutional interest in Ethereum.
Continue reading Ethereum Futures Could Be Bigger Than Bakkt at Crypto Daily™.
Bakkt, the new crypto exchange venture backed by Intercontinental Exchange, the parent of the NYSE, confirmed today that its first investment product will come in the form of physically delivered Bitcoin (BTC) futures contracts. “Our first contracts will be physically delivered Bitcoin futures contracts versus fiat currencies, including USD, GBP and EUR,” Bakkt wrote on Twitter. Our first contracts […]
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Jim Iuorio, a veteran futures and options trader who commonly contributes to CNBC’s Futures Now, has recently stated that $ 6,000 is increasingly looking like a pivotal support level for Bitcoin (BTC) moving forward. While speaking with CNBC last Thursday on the floor of the Chicago Mercantile Exchange leading up to the recent close of the CBOE bitcoin […]
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Cryptocurrency exchange Kraken is not backing down from its standoff with the New York attorney general’s office (OAG). Crypto Exchange Asks Whether OAG Employees Manipulated Bitcoin Futures In a series of tweets published over the last two days, the San Francisco-based company, which operates the world’s largest 16th-largest cryptocurrency exchange as measured by daily volume,
The post Kraken Trolls NY Regulators, Accuses OAG of Manipulating Bitcoin Futures appeared first on CCN
Morgan Stanley is joining Wall Street’s race toward an institutional-friendly bitcoin derivative.
According to anonymous sources reporting to Bloomberg, the financial institution is devising price return swaps tied to bitcoin. These derivatives would allow investors to indirectly invest in the market’s flagship currency, allotting them the option to buy into long or short positions through the contracts.
Taking their prices from bitcoin futures, the swaps will not handle bitcoin directly. Seeing as Morgan Stanley is a regulated and established financial institution, tying the product to futures contracts is a safer bet than basing them on bitcoin’s spot price, as the Chicago Mercantile Exchange and Chicago Board of Exchange offer fully-regulated bitcoin futures from which Morgan Stanley can pool pricing data.
Cboe, which notably launched the first fully-regulated bitcoin futures market last December, is reportedly telling market makers that it will soon launch an Ethereum (ETH) futures market According to a report by Business Insider, which cites an individual familiar with the matter, the Cboe is currently awaiting further clarification from the Commodity Futures Trading Commission (CFTC) before […]
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CBOE could launch Ethereum (ETH) futures by the end of 2018 if US regulators approve its product, anonymous sources told Business Insider August 30.
CBOE, which launched pioneering Bitcoin futures in December last year, is currently waiting while the Commodity Futures Trading Commission (CFTC) to “get comfortable with the product before its official launch,” the publication reported citing “people familiar with the matter.”
The news comes amid a continued downturn in ETH’s fortunes, with Ethereum price 00 battling lows not seen for almost a year.
CBOE, the Chicago exchange that pioneered the listing of bitcoin futures in the U.S., has quietly begun telling market makers that it is close to launching a new cryptocurrency product: ethereum futures. Citing an unnamed source with knowledge of the situation, Business Insider reports that CBOE wants to become the first U.S. exchange to list
The post CBOE Close to Launching Ethereum Futures: Report appeared first on CCN
The bearish bets in bitcoin futures market fell to lifetime lows last week, strengthening the bullish case put forward by the technical charts.
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The first regulated Bitcoin Cash (BCH) futures market officially went live on Friday, launched by Crypto Facilities, a U.K.-based crypto futures exchange and CME Group partner. Our BCH/USD Futures are live! We support CashAddr format and credit deposits after 1 confirmation – https://t.co/tcdL5Nei5T Specifications for the contracts – https://t.co/vDr9Cj4ZKo Trade here: https://t.co/Ia49JYRkzU#BCH #BitcoinCash #Futures — Crypto […]
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Make sure you check out our previous edition here, now let’s go over what happened in crypto this week. Also, make sure you subscribe for this weeks edition of The CCN Podcast on iTunes, TuneIn, Stitcher, Google Play Music, Spotify, Soundcloud, Youtube or wherever you get your podcasts. Price Watch: Bitcoin is up 0.82% to
The post Bitcoin Cash Futures, Venture Funds, and Lawsuits: This Week in Crypto appeared first on CCN
U.K.-based cryptocurrency futures exchange Crypto Facilities, which is regulated by the U.K. Financial Conduct Authority, is adding a bitcoin cash product to its offerings, a press release shared on the exchange’s website reveals. Trading for the bitcoin cash-dollar (BCH/USD) futures began today, August 17, 2018, at 4:00 p.m. GMT +1 (11:00 a.m. EST).
The addition of the new contract will enable investors to take long or short positions in bitcoin cash, allowing them to “broaden [their] investment opportunities” and hedge investment risks. The contracts join a list of derivatives currently offered by Crypto Facilities, which includes Bitcoin, Ripple XRP, Ether and Litecoin futures.
