Bitcoin Futures Daily Volume Grows 93%

Bitcoin futures have experienced strong growth in the second quarter of 2018, with data released by CME Group demonstrating a 93% increase in average daily volume. Open interest in Bitcoin futures,— the number of Bitcoin futures contracts —has also exceeded 2,400, equating to a 58% increase over Q1 2018.

The CME Group began offering BTC futures on December 17, 2018 subsequent to the launch of Bitcoin futures pioneered by the Chicago Board Options Exchange. The availability of Bitcoin futures has remained a point of debate within the cryptocurrency community, catalyzing discussions of price manipulation.

CME’s Bitcoin futures growth data is mirrored by the international average daily volume of the derivatives marketplace, with a recent press release announcing a 13% YTD growth in international average daily volume across 4.2 million contracts.

Bitcoin futures average daily volume in Q2 grew 93% over previous quarter, while open interest surpassed 2,400 contracts, a 58% increase. Learn more about trading #Bitcoin futures: https://t.co/adjWVWXBPQ pic.twitter.com/UQWC3nGGrI

— CMEGroup (@CMEGroup) July 20, 2018

Bitcoin Futures Capture Institutional Interest

The recent surge in Bitcoin futures interest follows an increase in the level of institutional investors entering the cryptocurrency market — recent industry movement has seen Coinbase launch a custodian solution for institutional investors resulting in the capture of a $20 billion hedge fund that will expand the financial services offered by the platform.

The highly volatile nature of the cryptocurrency market is attractive to investors seeking to capitalize on price swings via futures contracts.

The CBOE’s recent Bitcoin ETF application has drawn further interest to the availability of complex financial products based on cryptoassets, with BlackRock Inc — the world’s largest provider of exchange-traded funds — recently assembling a working group to investigate the potential of cryptocurrencies.

Mentioned in this article

Bitcoin CME Group

Ad

The Metaverse We’ve All Been Waiting For: Wilder World Unveils Revolutionary Gameplay Trailer

Ad

CryptoSlate on X x.com/cryptoslate

Join our X community for real-time crypto news and expert insights.

Follow @cryptoslate

Ad

Latest Bitcoin Stories

Bitcoin accumulator addresses acquire 225k BTC in December amid significant sell pressure

Analysis 8 hours ago

The demand is met with shrinking sell-side liquidity, but analysts suggest short-term further downside.

CryptoQuant CEO says US could feasibly cut debt by embracing strategic Bitcoin reserve

Analysis 10 hours ago

Analysts see US Bitcoin reserve as symbolic step toward debt reduction, amid challenges and speculation.

Russian firms turn to Bitcoin, stablecoins for global trade amid sanctions

Adoption 11 hours ago

Bitcoin mined in Russia becomes vital for international transactions amid Western sanctions.

Israeli firms set to introduce Bitcoin mutual funds, aligning with global crypto trends

Adoption 12 hours ago

Local investment firms spearhead Israel's foray into Bitcoin mutual funds with ISA's approval.

Latest Press Releases

View All

WhiteRock Announces the Launch of a Direct Tokenization Platform for Stock Exchange Listed Securities

Press Release 13 hours ago

Bitgrit Partners with BTSE to Revolutionize Token Trading

Chainwire 2 days ago

BetFury x PancakeSwap Partnership: $20K BFG Syrup Pool, $50K Trading Competition & More

Chainwire 2 days ago