The interest in the Bitcoin Futures trading continues to increase. As a result, the Chicago Mercantile Exchange (CME) Group, with record trading with Bitcoin reached a Futures contracts.
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An exciting time for Bitcoin
As the CME data show limited interest in Bitcoin not only a small and well-defined sector of the Investor Community. On the contrary, the demand for the trading of the crypto-currency is growing. In may 2019, the CME recorded the largest volume in the Bitcoin Futures trading since the introduction of the product in 2017.
Tim McCourt, Managing Director of the CME Group and Global Head of Equity Products and Alternative Investments, told Forbes staff Benjamin Pirus that Bitcoin Futures accounted for in the current year, an average of 7.237 contracts per day. This number of contracts traded, which represents an increase of 132 percent compared to the same period last year.
Volume update: As of July 23, CME Bitcoin futures have traded over 2M total contracts (10M or equivalent in bitcoin) since the December 2017 launch. Explore BTC: https://t.co/Z1LGfdrbFL pic.twitter.com/NkmQnMnliM
— CMEGroup (@CMEGroup) 23. July 2019
This month, permeated the Spot Rate of Bitcoin to the psychological resistance level of 6,000 dollars. And as McCourt reported recently recorded a CME on 13. May 2019 33.677 contracts, the record result within a day. In addition, CME has had since its inception in December 2017, at 23. July 2019 2 million $ contracts are traded.
36 percent of U.S. investors would consider an investment in Bitcoin into consideration
CME data to BTC Futures are showing a growing interest by investors in Bitcoin. Grayscale Investments, has recently published a study that seems to confirm this Trend.
According to the study, 36 percent of the U.S. investors in Bitcoin would be interested in-related investments. As a result, the Grayscale survey notes that there is a potential Pool of over 21 million investors in the U.S. population. Similarly, the CME emphasized that the interest in crypto-related financial products grows.
This is an exciting time for Bitcoin Futures, but also for cryptocurrency in General.“ And he added: “There is a large wide range of investors are interested in crypto-currencies, as well as a growing interest in a variety of applications for crypto-currencies and Blockchain technology.
Due to this growing interest, other financial institutions, to facilitate the future of Bitcoin, and develop new products. So Bitcoin Trading Futures, for example, already in the case of TD Ameritrade available.
In addition, TD Ameritrade has announced recently that it has invested in ErisX. The company plans to Forex investors and traders access to Spot and futures contracts on a single stock exchange.
Text evidence: bitcoinis, JULIO GIL-PULGAR