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Tag Archives: bitcoin futures

Industry Analysts and Experts Say: Bitcoin Price is in Front of a Massive Move

Many industry experts are now speculating on Bitcoin price as the top cryptocurrency has been trading sideways for quite a while after climbing more than 200% this year. The huge price increase from $3,300 to $13,000 has left everyone wondering – which way Bitcoin is heading now?It seems like everyone is waiting for something to happen, but nothing is happening. Just recently, experts claimed that Bitcoin failed to go past one of the essential resistance points at $10,500 and now could be...

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CME Group Seeks CFTC Permission to Double Its Bitcoin Futures Trading Cap

Photo: ShutterstockThe Chicago Mercantile Group (CME) has seen a massive surge in the trading volumes for its Bitcoin futures contracts, over the last few months. Taking a step ahead, the CME group has requested the U.S. Commodity Futures Trading Commission (CFTC) to allow it to double the trading limits from 5000 BTC to 10,000 BTC tokens.Currently, CFTC has kept an upper limit of 1000 Bitcoin Futures contracts per individual trader using the CME platform. In a letter to CFTC, the CME Group...

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Seed CX’s Subsidiary Zero Hash Will Now Support Crypto Derivatives Transactions

Seed CX is a cryptocurrency derivatives platform. Now with the help of its subsidiary Zero Hash, the company plans to offer bilateral crypto derivatives transactions. That way, Seed CX aims to attract financial institutions to settle derivatives on their platform.The company announced that initially, it will support back-office settlement functions for Bitcoin forwards. Later, the firm plans to add support for options as well, but the approximate time frame wasn’t specified.As the company...

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Binance’ New Futures Trading Platform Hits All-Time High of $150M in Daily Trading Volume

Leading Cryptocurrency exchange Binance recently launched its Tether (USDT) backed futures trading platform. The platform which is still in the early testing phase is available by invitation only. A Reddit post indicates that the platform has already reached an all-time high of $150 million within the past twenty-four hours. The futures platform covers only the USDT/BTC platform at this time.This comes after Binances’ announcement of the creation of the testnet for the futures platform...

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Bakkt’s Adam White: ‘We Will Play a Disruptive Role in the Bitcoin Market’

For a while now, one of the most anticipated events in the crypto sector has been the official launch of Bakkt which the market has been waiting for since last year when the firm was officially announced.Last week, the official Twitter account announced that the Bakkt Warehouse had been thrown open and had begun receiving deposits and withdrawals, in preparation for its Bitcoin Daily & Monthly Futures, expected to launch on the 23rd of September.Now, the firm’s Chief Operating Officer...

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Binance Futures Officially Launched, Announces CEO Changpeng Zhao

On Monday, September 9, Binance CEO Changpeng Zhao announced the official launch of Binance Futures. To get an early idea of the market before launch, Binance unveiled its crypto futures testnet last week. The futures testnet was available for a period of five days and launched on two platforms Futures A and Futures B.The two platforms were pitched against each other to see which one performs better. Binance’s own development team created the Futures A platform whereas Binance’s crypto...

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Bitcoin Futures Continues Making Bitcoin Price Ridiculously Predictable

The correlation with bitcoin price is becoming obvious. | Source: ShuttertockBitcoin (BTC) started this week off in good spirits, citing an impressive rise of around 8%. Interestingly, analysts are attributing some of this action to the close of the Chicago Mercantile Exchange (CME).Bitcoin's 8% rise this week which left a gap in the CME futures chart | Source: TradingViewOn Labor Day, September 2, the CME closed up shop. Far from the typical bloody Monday the cryptocurrency markets...

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