Bitcoin Futures Increases by 41 Percent In Q3 2018
Q3's performance on the US-based exchange improved drastically
Image Source: pixabay - hmadArdity
As Bitcoin's prices remain stable, less news about Bitcoin made it to the headlines. Today's report on Bitcoin futures has definitely caught the attention of potential investors.
CME Group is one of the biggest global exchanges in the world, reported that Bitcoin futures trading in Q2 and Q3 increased significantly. CME first launched their Bitcoin futures trading in Dec 2017, nearing the point when Bitcoin prices exploded.
Terry Duffy, chief executive officer of CME, had reportedly revealed that the company should first work on the approach to Bitcoin futures:
"[Bitcoin futures] might have been the most controversial launch of a product.”
Source: cointelegraph - Partz
Image source: twitter @CMEGroup
CME's report also showed the average daily volume and open interest of their Bitcoin futures trading. Daily volume contracts reached 5053 in Q3, a sharp 41 percent increase from 3577 contracts in Q2. Open interest, represents the number of unsettled contracts held in the trading market. Their numbers also seem to go up in the general trend.
Tim McCourt, CME's managing director and global head of equity products and alternative investments, suggested that volumes had been on the rise. He also noted that the firm was seeing strong interest from Asian markets as well.
Source: coindesk - Higgins
Image source: pixabay - Comfreak
According to the researchers at the San Francisco branch of the Federal Reserve Bitcoin futures may have helped propel institutional investors into the coin market. However, shorting the Bitcoin price back in Dec 2017 seems to have triggered Bitcoin prices to decline. Source: CCN - Wilmoth.
Almost 10 months since the Bitcoin prices declined, the cryptocurrency market is steadily growing more mature, as institutional investors joins the market.
“We’re seeing more institutional movement into this area, and I think with more institutional movement, we should see more maturization of it,” CFTC Chairman J. Christopher Giancarlo said, adding that there was still “a long way to go” to improve the still-nascent spot market.
Source: CCN - Wilmoth
It will be interesting to see what happens when the remaining 4 billion human beings on the planet get access to the internet. We have already see nations bypass traditional telecommunications infrastructure, it's likely we will see the same in terms of banking and finance. No need to adopt the old method when a new, overall superior alternative like crypto exists.
BTC has been consolodating for awhile, dare I say I am feeling slightly positive we may move higher!? I've been wrong almost every time before however haha.
don't fantasize @rhyscn,, hahah
how is your prediction bitcoin 2019 ?? @tyler
thanks..
More Than 700+ CoinsTake a glance at the most popular crypto currencies' latest prices in your menu bar
Coin Prices In +30 Currencies
See coins' prices in more than +30 most traded currencies such as Dollar, Pound, Euro and more
Customizable Menu Bar View
Mammon is fully customizable and gives you the ability to manage your preferences
Reminders And Notifications
Target your aim and set up your reminder. Mammon will inform you when the price hits your target
Portfolio
Even if you are interested or invest in different coins, see how much money is in your pocket
Steemit LINK
https://steemit.com/cryptocurrency/@slovcanlixe1981/cryptocurrency-tracker-in-your-menu-bar
https://steemit.com/cryptocurrency/@slovcanlixe1981/4wzcp9