CME Group Reports a Record Number of Bitcoin (BTC) Futures Contracts Traded in 2019

2019-2-21 15:55

We are less than two months into 2019 and the CME Group is reporting a record number of Bitcoin (BTC) futures contracts traded in the first quarter of 2019. This is according to an email reviewed by the team at The Block. The email is from a CME representative and it stated that February 19th saw a record number of BTC futures contracts trade on that individual day.

The email stated that:

Yesterday [Feb 19th] set a new record with 18,338 contracts traded. This is equivalent to 91,690 bitcoin or $360MN.

Q1 2019 is off to a strong start,  ADV has improved to 4,630 contracts (23,150 equivalent bitcoin), up ~13% from Q4 2018 while [open interest] rose to 4,076 contracts, an improvement of 21.5% over Q4 2018.

Increased Interest by Institutional Clients

Additionally, the email mentioned that Institutional interest in the BTC futures contracts has steadily increased since last November.

Institutional interest has gradually risen and the number of LOIHs (Large Open Interest Holders) has been holding steady around 43 holders since November. A LOIH is an entity that holds at least 25 BTC contracts.

About the BTC Futures Contracts Offered by the CME Group

The CME Group has had over 2,100 accounts trading the futures contracts since their launch on the 17th of December, 2017. The investment product provides an opportunity for firms and investors with an account with a registered futures broker, to bet on the future price of Bitcoin. The contracts are based on the CME CF Bitcoin Reference Rate (BRR), which aggregates bitcoin trading activity across major bitcoin spot exchanges between 3:00 p.m. and 4:00 p.m. London time.

The contract unit is for 5 BTC and trading is terminated on the last Friday of the contract month. Settlement is usually the following Wednesday. For the month of February, the CME Bitcoin futures contracts expire tomorrow, the 22nd of February.

What are your thoughts on the increase in trade volume of the CME Bitcoin Futures contracts seen during the first quarter of 2019? Is this a clear indicator that institutional investors are warming up to Bitcoin? Please let us know in the comment section below. 

Disclaimer: This article is not meant to give financial advice. Any additional opinion herein is purely the author’s and does not represent the opinion of Ethereum World News or any of its other writers. Please carry out your own research before investing in any of the numerous cryptocurrencies available. Thank you.

The post CME Group Reports a Record Number of Bitcoin (BTC) Futures Contracts Traded in 2019 appeared first on Ethereum World News.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Bitcoin (BTC) на Currencies.ru

$ 61643.55 (+1.06%)
Объем 24H $17.961b
Изменеия 24h: 1.11 %, 7d: -4.12 %
Cегодня L: $60793.66 - H: $61643.55
Капитализация $1214.23b Rank 1
Цена в час новости $ 4185.91 (1372.64%)

2019 contracts cme futures traded number btc

Источник: ethereumworldnews.com

2019 contracts → Результатов: 46


Фото:

Microsoft Azure and Waves Partner, Adding Smart Contract Features

Waves has announced the beginning of a partnership with Microsoft Azure, paving the way for developers to be able to create smart contracts on both private and public ledgers, January 29, 2019. The Partnership This Tuesday, January 29, Sasha Ivanov, the leader and CEO of the Russian-based platform Waves announced in a Tweet that WavesRead MoreRead More.

2019-1-31 00:00


Chainlink (LINK) introduces external adapters for Zilliqa and AION

ChainLink has entered the year of 2019 in a dominant fashion, recording positive growth both price and project-wise. Even Sergey Nazarov, project’s elusive main developer, intensified his public appearances as of late, recently going on the “Off The Chain” podcast led by crypto mainstay Anthony Pompliano and talking about ChainLink and smart contracts.

2019-1-22 13:53


Фото:

OKEx проведет делистинг фьючерсов на Bitcoin Gold

Гонконгская криптовалютная биржа OKEx проведет делистинг фьючерсов на Bitcoin Gold (BTG) до конца января. Об этом биржа сообщила в официальном блоге. Решение связано с низкой ликвидностью этого финансового инструмента.

2019-1-21 17:32


OKEx удаляет фьючерсы на Bitcoin Gold

Криптовалютная биржа OKEx в этот понедельник сообщила о скором делистинге всех фьючерсных контрактов на Bitcoin Gold (BTG), включая недельные, двухнедельные и квартальные контракты. В качестве причины такого решения биржа называет «недостаточную ликвидность» финансового инструмента.

2019-1-22 11:52


Bitcoin 2019 Calendar: Here’s the Most Important Dates for Crypto Institutionalization This Year

More than a year passed since Bitcoin reached $20,000 and analysts were predicting an extended bull market for 2018. At that time, Bitcoin (BTC) experienced a bull run due to the launching of Bitcoin futures contracts by the Chicago Board Options Exchange (CBOE) and the Chicago Mercantile Exchange (CME). Nevertheless, the market was too euphoric, […]

2019-1-3 21:04


Sources Indicate Nasdaq Plans to Launch Bitcoin (BTC) Futures Contracts by Early 2019

Amidst the current decline of Bitcoin there is some good news as sources indicate that Nasdaq Inc. is moving ahead with plans to launch Futures contracts based on BTC. According to Bloomberg, two sources familiar with the matter have stated that the firm has shown continual interest in the investment products despite the bear market […] The post Sources Indicate Nasdaq Plans to Launch Bitcoin (BTC) Futures Contracts by Early 2019 appeared first on Ethereum World News.

2018-11-27 15:31


Фото:

Bakkt Delays Platform Launch; Announces January as Tentative Roll Out Date

Bakkt, an upcoming crypto retail payment system and futures platform, is delaying its launch to better ensure the platform’s success at release. On November 20, 2018, the CEO of Bakkt released an update on Medium, outlining the future business plans for the company, describing some of the progress in implementing new features and declaring that the company’s initial launch is being postponed until January 24, 2019.

2018-11-21 02:24


Minter Network ICO

The Minter blockchain runs on the Tendermint engine with the DPoS (Delegated Proof-of-Stake) consensus algorithm. The programming language used for the implementation of the client/node is Golang. The network itself acts as the Cosmos Zone, meaning that users can exchange BIP and other issued coins for Bitcoin and Ether.

2018-10-3 20:14


Фото:

DevCon 4 Will Set the Stage for Ethereum’s Next Milestone: Constantinople

Ethereum is embracing the Constantinople milestone at the end of November 2018, after DevCon4 in Prague. Constantinople is the latest Ethereum release, introduced through a hard fork, that will include five Ethereum Improvement Proposals (EIPs):Bitwise shifting instructions (EIP 145) in the Ethereum Virtual Machine (EVM) allow for direct manipulation of bytes on the EVM layer.

2018-9-11 18:15


Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Celsius (CEL) rallies 360% following massive token burn

The native token of the now-defunct Celsius Network, CEL, has recorded an impressive price surge following its massive token burn. On-chain data shows that Celsius burned over 94% of its total supply on April 30 — plunging from 695.65 million…

NFT Trader loses $145k worth of BAYC to phishing attack 

An NFT trader recently lost over $145,000 worth of Bored Ape Yacht Club (BAYC) collectibles to a phishing attack amid the growing rate of scam schemes that have plagued the cryptocurrencyo scene. On-chain security platform PeckShield brought attention to the…

Australia targets crypto exchanges to hand over tax data on 1.2m users

Australia’s tax office is targeting up to 1.2 million users, seeking their personal data and transaction details from crypto exchange. Australia appears to be targeting over a million crypto investors, seeking their personal data and transaction details from crypto exchanges,…

Crypto.com reports 100m users worldwide despite frozen VC activity

Cryptocurrency exchange Crypto.com says it has surpassed the 100 million global user mark since its establishment in 2016. Crypto exchange Crypto.com has registered 100 million users around the globe as the platform doubles down on its international expansion. In a…

Top cryptocurrencies to watch this week: BTC, DOGE, WIF

The global cryptocurrency market cap remained fairly stable this week, dipping to $2.11 trillion on May 1 and recovering to $2.35 trillion at last check. Here's how some of the top cryptocurrencies traded over the past several days.