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The Commodity Futures Trading Commission (CFTC) has put out a Request for Information (RFI) asking for public comment and feedback to enable it better understand Ether and the Ethereum blockchain as it seeks to expand its cryptocurrency knowledge base beyond bitcoin. In a press release dated December 11, the regulator stated that it is seeking
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It has been a year since the start of Cboe’s XBT futures contracts and CME Group’s bitcoin derivatives products launched last December. With super bearish prices these past few months, a lot has changed since the cryptocurrency economy touched all-time highs on spot markets. Meanwhile, bitcoin futures contracts have been growing and some skeptics still believe these derivatives products are disruptive toward cryptocurrency spot prices.
Also Read: Law Professor: Confusing Crypto Regulations Will Hamper Innovation
Last week, a report by Bloomberg revealed that Nasdaq (NDAQ), the second-largest stock exchange in the world by total capitalization, is reportedly planning to list Bitcoin (BTC) futures as early as the first quarter of 2019. This report was confirmed on Tuesday by Joseph Christinat, Vice President of Nasdaq’s media team, in an exclusive interview with the Daily Express. “Bitcoin Futures […]
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At this year’s CryptoFrontiers Conference in New York City, digital currency exchange Huobi announced that it will begin offering derivatives contract trading. The service will be available via Huobi’s Derivative Market (Huobi DM) to customers of select countries and will allow them to open both short and long positions for a handful of coins.
In an interview with Bitcoin Magazine, Joshua Goodbody, general counsel of Huobi’s global institutional team, said, “Our derivative contracts are agreements to buy or sell an asset on a specific future date and at a specific price. Once the derivative contract has been executed, both counterparties will buy and sell at the agreed-upon price irrespective of the actual market price.”
Nasdaq — the world’s second-largest stock exchange — plans to roll out bitcoin futures in the first quarter of 2019 through a partnership with investment management firm VanEck. Gabor Gurbacs, VanEck’s director of digital asset strategy, said the companies will launch a variety of bitcoin derivatives in early-2019, including a “regulated crypto 2.0 futures-type contract.” Gurbacs
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Nasdaq (NDAQ), the second-largest stock exchange in the world by total capitalization, is reportedly planning to list Bitcoin (BTC) futures as early as the first quarter of 2019. According to a recent report by Bloomberg that cites two individuals familiar with the matter, Nasdaq has been working to address the concerns of the Commodity Futures Trading Commission (CFTC) […]
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Bitcoin on Tuesday showed some signs of bottoming out as it consolidated sideways a little above $ 3,500, its psychological support. The BTC/USD is now trading at 3734-fiat, up 1.58% from the previous day close. Meanwhile, the pair is trading inside a range that is no more than $ 230 wide. Though volatile, the choppy price action
The post Bitcoin Price Stabilizes above $ 3,500 as CME Futures Expiry Approach appeared first on CCN
In this edition of The Daily, we detail the reduced role that tether is playing at the world’s leading cryptocurrency exchange and the progress being made in adding bitcoin futures to the world’s second largest stock exchange. We also round up the latest progress being made in the security token space.
Also read: Petition to Free Ross Ulbricht Gathers 100,000 Signatures
The world’s second largest stock exchange Nasdaq is planning to introduce a Bitcoin futures market within the first quarter of 2019. Sources told Bloomberg that Nasdaq has been cooperating with the Commodities and Futures Trading Commission (CFTC) to receive regulatory approval to operate as a compliant cryptocurrency futures market operator. The report read: “Nasdaq has
The post Breaking: What Crypto Winter? Nasdaq to Launch Bitcoin Futures Market appeared first on CCN
Bakkt, the new crypto exchange venture backed by Intercontinental Exchange (ICE), the parent of the NYSE, is apparently open to expanding beyond its planned Bitcoin (BTC) futures trading product to include other digital currencies. In a brief Q&A tweet, Bakkt revealed that it is receiving significant feedback regarding altcoin trading products, and emphasizes that it is willing to explore […]
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The latest Bitcoin Cash hard fork had ramifications on the entire crypto community. Independent of whether you trade BCH, its recent split had disastrous financial consequences for many… and inspired some unorthodox moves from others. Malta-based exchange OKEx left traders furious last week after taking the decision to change the terms on $ 135 million Bitcoin
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With bitcoin cash mining its first forked block, the futures prices of SV and ABC are fluctuating wildly. The BCHSV futures price jumped 10.7 percent against the US dollar, rising from $ 88.12 to $ 97.51 within just an hour — before sinking below $ 90 after the fork. Meanwhile, the BCHABC futures price rate saw a 9 percent
The post Bitcoin Cash: ABC Futures Cross $ 300 in Hard Fork Aftermath appeared first on CCN
Facing significant price instability ahead of tomorrow’s contentious Bitcoin Cash hard fork, major crypto exchange OKEx abruptly closed its BCH futures markets ahead of their scheduled expiration dates and provided early delivery to customers. Bitcoin Cash Fork Leads to Premature Futures Delivery The Malta-based OKEx announced the early BCH futures delivery on Wednesday, stating that
The post Bitcoin Cash: Pre-Fork Uncertainty Forces OKEx to Close Futures Market Early appeared first on CCN
Bitfinex has announced a new financial instrument on its platform in response to the upcoming hard fork of the Bitcoin Cash blockchain. Noting a sizable increase in short bets on BCH – traders apparently believing that the split will have a negative impact on the per-coin price of Bitcoin Cash – Bitfinex has created something
The post Place Your Bets! Bitfinex Opens Pre-Fork Bitcoin Cash Futures Market appeared first on CCN
Bitcoin has been unusually stable in recent weeks, and the decrease in volatility has now reached historic levels in the futures markets. Bitcoin Volatility Hits Record Level in Futures Markets That’s according to Kevin Davitt, senior instructor for The Options Institute at CBOE Global Markets, who said that Chicago-based derivatives exchange saws record low volatility … Continued
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Bitcoin futures launched to a huge fanfare in late 2017. But while uptake has been admittedly lackluster so far, the future of BTC futures looks promising.
Bitcoin futures launched in December 2017, just before the peak of last year’s price bubble. Ten months later, the uptake has been, well, somewhat disappointing. Despite recent quarterly gains in volume, however, futures have never come close to seeing the tens of thousands of daily contracts expected.
So what went wrong? The buzz building prior to the December launch was immense as enthusiasts believed that this was a step towards the mainstream. The Chicago Board Options Exchange (Cboe) announced its plans in early August 2017, spurring a 600 percent surge in BTC price 00.
Almost a year to the day after the CBOE and CME launched their own bitcoin futures products, the Intercontinental Exchange’s Bakkt platform is heralding the launch of its own futures on December 12, though the platform is still pending approval from the Commodity Futures Trade Commission.
Originally slated for November, Bakkt was announced in August 2018 as “a scalable on-ramp for institutional, merchant and consumer participation in digital assets.” The platform is advertised as an all-encompassing, “open platform” for “digital assets across global markets and commerce,” and was, in part, pitched as a solution for day-to-day crypto payments for merchants.
At press time, the price of bitcoin remains virtually unchanged since our previous coverage and is still hovering within the $ 6,400 range. Apparently, $ 6,400 has become the new $ 6,500, or the spot where bitcoin feels the most comfortable. The currency spent several days, if not weeks, traversing the $ 6,500 boards, but following a $ 300 drop late last week, bitcoin has only managed to recover $ 200 of those “lost funds.” It’s unsettling, but at least the coin isn’t falling any further.
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
