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.
The Future’s Bright
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.