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CME: Bitcoin Futures so popular as never before

The CME Bitcoin Futures reach a new peak. The growing popularity of the futures contracts gives success to the Bitcoin once again. Since the great crisis at the

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CME: Bitcoin Futures so popular as never before

The CME Bitcoin Futures reach a new peak. The growing popularity of the futures contracts gives success to the Bitcoin once again. Since the great crisis at the beginning of 2018, the crypto-currency has been recovering since the beginning of the year increasingly. The popularity of Bitcoin Futures, not only on the increase of the Bitcoin price but also provides critics with material for anxious admonitions with regard to speculative bubbles and market destabilization.

From Polina Khubbeeva
8. June 2019BTC$7.977,00 0.14%part Facebook Twitter LinkedIn xing mail

The CME Bitcoin Futures Report a significant growth in investor interest in BTC listed futures contracts. The largest futures exchange in the world, with headquarters in Chicago, is of week Futures week more Bitcoin. Now, the CME reports that the may 2019 was the most successful month for the futures contracts since the market launch in December 2017. The Numbers refer to the volume of trade as well as investor interest.

The average trading volume per day was in may 2019, approximately 515 million U.S. dollars. This is an increase of 36 percent compared to the previous month of April and a growth of sheer 250 percent compared to last year. Also, the "Open Interest"contracts, not completed, but initiated transactions, generate Bitcoin Futures, an increase of 80 percent since may, 2018.

Futures and Bitcoin-rates

Bitcoin Futures contracts by means of time-shifted lever mechanism betting on the Bitcoin enable course. There are classic Two-party agreements that protect both sides in terms of value and volume of business. In the case of a BTC Futures contract, the buyer and seller agree to trade BTC at a fixed price and a specific time in the future.

Some experts make Bitcoin Futures for the crisis in the Wake of Bitcoin price crash at the beginning of 2018, is partly responsible. Since the introduction of the futures contracts in December 2017, the price dynamic, matching a speculative growth trend. The speculation of the rise in the BTC exchange rate to US $ 20,000, followed first by a short time later on $ 6,000 down. Critics saw Parallels to the real estate crisis in the United States. They complained that the actual value of the BTC device to its speculative value in the Background.

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