The trading of Bitcoin Futures, reached in may 2019, a new record high on the Chicago Mercantile Exchange (CME). Thus, the trading activity compared to last year has increased significantly, it means a contribution of 28. August 2019.
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Trading volume rose by 132% to 2018
The Bitcoin price has risen since January of this year and has more than doubled. The increased interest is also reflected in the Figures of the CME Group again. According to a post by Forbes, the trading activity increased, on the Chicago stock exchange to a new record.
“Since the beginning of the year the Bitcoin Futures are at an average of 7.237 contracts per day, an increase of 132% compared to the same period last year,” said Tim McCourt, Managing Director of CME Group.
Towards the end of 2017, the CME and the Chicago Board Options Exchange (CBOE) as the first “Mainstream exchanges introduced” to their respective Bitcoin Futures products with cash settlement.
“The interest of the investors in crypto-currency is large and the interest in a variety of applications for crypto-currencies and Blockchain technology is growing. It will be interesting to see how this new market grows and grows.“ McCourt said.
Bitcoin Futures reach record volume in may
Particularly high is the interest in the was 13. May as Bitcoin a record volume of 33.677 contracts (168.000 Bitcoin or US $ 1.3 billion) on the CME in only one day reached. On this day, the Bitcoin price increased from approximately 6,200 to 7,000 US dollars.
Bitcoin Chart shows the increase of 13. May, Source: Tradingview.com
The interest in the trading with Bitcoin seems to be the traditional investors arrived. Another platform is offering Bitcoin Futures contracts in a nutshell, is Bakkt. Bakkt is expected of Crypto-investors with the voltage, since the contracts offered differ from the previous offer, in an important point.
Unlike the CME and CBOE the Bakkt Bitcoin Futures contracts are settled physically, meaning that customers could receive at the expiration of the contracts, theoretically, Bitcoin, and not the present value of the crypto currency.