CME Group

Record Breaking Interest – Observing the Predictive Power of Bitcoin Futures Over BTC Spot Prices

</header> <strong>Bitcoin futures providers have been seeing a lot of action during the last two weeks as cryptocurrency markets have been extremely volatile. Data shows there’s been significant open interest on both retail and institutional bitcoin derivatives exchanges and Skew research noted bitcoin options open interest was just shy of $1 billion on Monday. Two …

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Demand for Crypto Derivatives Swells as CME’s Bitcoin Volume Rises

</header> <strong>The global markets company Chicago Mercantile Exchange (CME) has seen considerable demand since launching its options contracts in the wake of the firm’s bitcoin futures. On the first day of swaps, CME’s bitcoin options saw 55 contracts ($2.3 million). By the end of the week, the firm’s bitcoin options volume more than doubled with …

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Developer Proposes Decentralized Bitcoin Hashrate Derivatives

</header> <strong>There’s a new concept called Powswap that lets people speculate on hashrate in order to hedge against price volatility. Powswap was developed by the software engineer Jeremy Rubin who believes hashrate derivatives products allow people to leverage new trading strategies.</strong> Also read: Regulatory Roundup: EU-Wide Crypto Regulations, New Rules in Europe, US, Asia Powswap …

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CME Open Interest for Bitcoin Futures Up 100% Since Start of 2020

Open interest in bitcoin futures listed on the Chicago Mercantile Exchange (CME) have doubled in the first few days of the year, as noted by data analytics firm Skew. About $235 million worth of positions (5,329 contracts) were open on the CME on Jan. 17 compared to $110 million seen in early December. Open interest …

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Market Outlook: Bullish Trend Sends Crypto Prices Northwards

</header> <strong>Digital currency markets are seeing significant gains this week as the entire market capitalization gained $28 billion in the last seven days. Moreover, trade volume has spiked to a massive $100 billion and during the last 24 hours, numerous digital assets have gained between 3-48%.</strong> Also read: Close to 11 Million BTC Haven’t Moved …

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CME Takes Its Bitcoin Options Live, Competing With ICE’s Bakkt

Chicago exchange CME Group has announced its highly-anticipated bitcoin options are now open for trading. Options on CME’s bitcoin futures contracts launched on the CME Globex around 16:00 UTC Monday. Each contract, quoted in U.S. dollars, represents five bitcoin and is cleared centrally to avoid counterparty risk. CME relies on trade flow data from several …

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Institutional and Retail Bitcoin Futures Demand Continues to Climb

</header> <strong>2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures …

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Mainstream Investment Vehicles Tied to Cryptocurrencies Grow Exponentially

</header> <strong>These days bitcoin and a variety of other digital assets are now being traded as funds and traditional equity holdings. The landscape of crypto investment vehicles has changed significantly as institutional and retail investors don’t need direct exposure to cryptocurrencies in order to invest in this technology.</strong> Also Read: Gocrypto SLP Token Starts Trading …

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CME Group Publishes Bitcoin Options Specifications

</header> <strong>In mid-September, the foreign exchange company CME Group announced the launch of options on its bitcoin futures contracts in Q1 2020, pending regulatory review. CME Group executive Tim McCourt said there was “increasing client demand” for the firm’s bitcoin derivatives and now the company has published specifications for the options products.</strong> Also Read: French …

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Bakkt Announces Bitcoin Options After Record-Breaking Futures Volumes

<header class=”article__header”> </header> <strong>On October 23, Bakkt’s physically-settled bitcoin futures contracts touched an all-time high with 640 <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> ($4.8 million) swapped on the exchange. Coincidentally, the futures action started after <a class=”lar-automated-link” href=”https://markets.bitcoin.com/crypto/BTC” target=”_blank” rel=”noopener noreferrer”>BTC</a> prices plummeted to $7,365 across global exchanges. After the record-setting day, Bakkt CEO Kelly …

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