According to Cointelegraph reported on January 31, the Chicago Mercantile Exchange (CME) has traded more than $ 100 billion in bitcoin futures trading products.
(Image source: pixabay )
The Chicago Mercantile Exchange Group Managing Director and Global Head of Equity Index Alternative Investment Products Tim McCourt told Cointelegraph:
- Bitcoin mine illegally set up a special clean-up in Kangding City on the Dadu River
- Coin City, Xiaoliang Mining Winter Reserve
- Bitcoin still hides its strength? Google and Facebook’s former executives say the actual market share of Bitcoin has reached 75%.
- The US SEC plans to run Bitcoin and Ethereum nodes, eToro analysts: I never expected that I will wait until this day.
- Tracking of illegal bitcoin mines on the Dadu River: the mine owner’s investment is back to the original million
- Analyst: In the short term, the rising space of cryptocurrencies such as BTC, ETH and BNB may be limited.
Since its launch in December 2017, the Chicago Mercantile Exchange's nominal futures for bitcoin futures have totaled more than $ 100 billion.
Institutions have gradually entered the field of cryptocurrency
During the cryptocurrency boom in 2017, mainstream financial entities began to enter the industry one after another.
In December 2017, at the time when bitcoin reached its highest price in history, the Chicago Mercantile Exchange launched a cash-settled bitcoin futures trading product. Only one week after the Chicago Mercantile Exchange launched a cash-settled Bitcoin futures trading product, the Chicago Board of Trade (CBOE) entered the market.
The Chicago Mercantile Exchange's bitcoin futures have evolved over the past two years and it is now one of the most liquid Bitcoin derivatives in the world.
In contrast, after a long bear market in the previous year, the Chicago Board Options Exchange stopped bitcoin futures trading products in March 2019.
Although the cryptocurrency space has lost participation from institutions such as the Chicago Board of Options Exchange, it has since gained other mainstream participation.
On September 23, 2019, the Intercontinental Exchange (ICE) launched a physically settled Bitcoin futures transaction through its Bakkt platform. In December, Bakkt also opened Bitcoin options trading for trading Bitcoin futures settled in cash.
Of course, the market is clearly interested in Bitcoin futures on the Chicago Mercantile Exchange.
We continue to see the active participation of institutional investors, Bitcoin traders and other customers who value transparency, price discovery and risk transfer, and that only regulated markets like the Chicago Mercantile Exchange can offer similar products.
Author: Benjamin Pirus
Compilation: Captain Hiro
Source (translated): Babbitt Information (http://www.8btc.com/550672)