News about BTC - Future contracts increase and Goldman Sachs on the BTC

in bitcoin •  2 months ago

I will bring some news about the scenario of BTC that today, at the moment I am writing this article, reaches an incredible $ 8.206,85.

INCREASE OF FUTURE CONTRACTS VOLUME

The Chicago Mercantile Exchange (CME), a leading brokerage firm with an estimated capital market of $ 1.09 billion, issued a report with information that compared to the previous quarter, trading volume of BTC futures contracts increased 93% . The brokerage said:

“Bitcoin futures average daily volume in Q2 grew 93% over previous quarter, while open interest surpassed 2,400 contracts, a 58% increase.”

Price analysis expert Tom Lee points out that contracts can have a strong influence on the price of BTC. here.

WHAT is FUTURE CONTRACT

It is a type of derivative contract, that is, which establishes payments that will be made in the future calculated based on a stipulated variable. That is, they are standardized, both the seller and the buyer agree to buy and sell a certain amount of a financial asset in the future. Being standardized, it is possible for these contracts to be traded on stock exchanges.

FIRST WALL STREET BANK TO OPERATE BTC

According to The New York Times, Goldman Sachs, one of the most important in the world of finance in the US, plans to make its first trading operation with BTC on Wall Street.

The article in the newspaper is the recipient of the databases with greater volatility of the crypto-coins, but recalls that a few years ago this distrust was much greater. However, as banks' leaders have seen the growth of the BTC and an increasing increase of large investments around the world as Crypto-Coins.

The leading group ahead of the start of work with the BTC still has details of the outstanding operations, but it is certain that in the coming weeks Goldman will start using its money to negotiate future BTC contracts on behalf of clients.

See report from The New York Times

Image Source: Pixabay

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