CME Group, a regulated bitcoin futures trading platform, has quietly become the second-largest player, surpassing Binance and BitMEX. Yesterday, CME recorded an open interest of $790 million as compared to $718 million by Binance and $601 million by BitMEX, according to The Block Research. Open interest in the value of outstanding derivative contracts that are […]
The Interchange: CME Bitcoin futures engagement among large open interest traders continues to be a bright spot for the asset class
Quick Take An update on CME Bitcoin futures engagement, courtesy of The Block Dashboard This research piece is available to members of The Block Genesis. You can continue reading this Genesis research on The Block.
Financial strategists at JP Morgan have projected a bleak outlook for bitcoin prices in the short term. According to them, the cryptocurrency has a higher price and is trending at 13 percent over its ‘intrinsic value.’ They based their analysis on ‘positioning indicators’ derived from bets made by traders in the futures markets. But does […]
Although the cryptocurrency spot and derivatives trading volume declined on most platforms in September, Binance has taken the lead as the largest derivatives exchange, a new report revealed. Simultaneously, the regulated Chicago Mercantile Exchange (CME) saw steady Bitcoin futures performance, while the options trading exploded. Binance Takes The Top Spot For Derivatives Trading The data […]
This past weekend, data shows the most active bitcoin options contracts were calls for $28k, $32k, and $36k by the year’s end. This means a number of options traders are betting the price of bitcoin will exceed the all-time high (ATH) the decentralized currency touched in December 2017.On September 14, researchers from the data analytics […]