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Tag Archives: bitcoin futures

CME Bitcoin Options Record All-Time High Of Nearly $10 Million Daily Traded Volume

A record-breaking number of 210 Bitcoin options contracts were traded yesterday on the Chicago Mercantile Exchange, which set up a new all-time high of nearly $10m. Of the total amount, 202 contracts were May calls (bullish), while 8 were May puts (bearish).CME Bitcoin Options Volume On The RiseCME launched options on Bitcoin in January this year. Despite a promising start with massive volumes, the platform has struggled to maintain consistent numbers of traded contracts.Moreover, following...

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Bitcoin Accounts For 78% Of The Cryptocurrency Derivatives Market In Q1 2020, Study Finds

According to a new study, the total trading volume of cryptocurrency derivatives has increased dramatically by over 300%.At the same time, BitMEX’s leadership position in the field has been challenged by Huobi, OKEx, and Binance.Derivatives On The RiseAnd amid the most apprehensive days of uncertainty prompted by the eventual aftermath of the COVID-19, the cryptocurrency market went through a substantial losses. Most assets plunged by as much as 50% in mid-March.During these times of hyper...

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Research: While Bitcoin Price and Volume Fully Recovered, Open Interest Is Still Lower Than March 12 Levels

The latest price developments helped Bitcoin’s price to recover following the massive sell-offs in mid-March. However, while most features of the cryptocurrency market have reclaimed previous positions, a few are still showing weak charts.Bitcoin Price Recovered Since Black ThursdayThe year started quite positively for Bitcoin and the entire cryptocurrency market. Interest, trading volumes, and ultimately prices were soaring.BTC reached its yearly high in February at around $10,500. And when...

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Crypto Trading Academy: What Is Open Interest In Bitcoin Futures And How Traders Use It?

Bitcoin futures contracts allow traders to speculate on the price of Bitcoin without necessarily have to own it. They are a derivative product that gained serious popularity in the past years.Traders are always looking for information that would give them an edge in the market. Arguably, the most valuable data is that which offers an insight into what other traders are doing.Open Interest (OI) could provide some of this information with appropriate interpretation. Understanding it and its...

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3 CEOs In 4 Months: David Clifton Appointed As CEO of Bakkt, Only 4 Months After Mike Blandina Was Appointed

David Clifton was recently appointed Interim CEO of Bakkt by the board replacing previous CEO Mike Blandina who has only held the CEO position for less than four months.The move comes after Blandina replaced former CEO Kelly Loeffler during last December, as she opted to take a Senate seat for the state of Georgia.Mike Blandina had come into his role with high expectations having previously held roles at PayPal and Google. However, he didn’t hold in the position at the popular Bitcoin futures...

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Bitcoin Futures Trading Takes a Massive Nosedive

It looks like the popularity of bitcoin futures has taken a turn for the worse.Bitcoin Futures Trading Reaches New LowsCME Group in Chicago, Illinois reports that only three bitcoin futures were traded last Tuesday. Approximately 80 bitcoin units were involved in the contracts, totaling approximately $80,000 at the time of the trades. This, according to CME Group, establishes a new low for the company, beating the previous record of $125,000 BTC posted in late January.While CME still boasts...

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OKEx Surpassed BitMEx in Bitcoin Futures Volume

OKEx surpassed BitMEX in the Bitcoin futures volume while exchanges face challenges in dealing with extreme market.The cryptocurrency market fell prey to the global instability, which contributes to the catastrophic falling of Bitcoin, the largest cryptocurrency, from $9K level to $3k level. Starting from 7 March, the asset showed pressure on the resistance level, and continued the downwards trending until today, without indicating any strong bounce back signals yet.OKEx Dominates the Bitcoin...

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Bitcoin Options Trading Volume Records New All-Time High Amid The BTC Price Plunge

The recent volatility in the global markets and the cryptocurrency markets has raised most trading volumes. Bitcoin options, for instance, reached a new all-time high yesterday. The futures market also saw a massive jump in the volume, as Binance Futures breaks its all-time high record.Bitcoin Options Volume SoarsThe past several days have been quite harmful to the cryptocurrency market in terms of price action. For example, the leading digital asset by market capitalization, Bitcoin, lost...

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Despite Rising Competition, BitMEX Steadily Leading The Bitcoin Derivatives Exchanges In 2020

The competition in the field of Bitcoin margin trading exchanges continues to rise. Despite that, though, the 2014- established BitMEX exchange is recording an impressive year so far. It shows a healthy average daily volume and a notable Bitcoin wallet balance rise in the past few months.BitMEX Numbers In 2020The popular monitoring resource, TokenAnalyst, recently examined BitMEX exchange‘s performance during the initial months of 2020. It concluded that its wallet balance of Bitcoin holdings...

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CME Bitcoin Futures Records Over $1B In Daily Volume As The Interest Surges

With Bitcoin’s price increase in 2020, so does the interest in futures trading. A few days ago, for instance, CME recorded one of its best trading days with over $1 billion in daily volume.Other significant names in Bitcoin Futures trading, including BitMEX and Binance, are also noting impressive volumes lately.CME Bitcoin Futures Volume SpikesThe Chicago Mercantile Exchange (CME) opened its Bitcoin Futures platform in late 2017. It’s a regulated establishment that allows contracts to be...

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