CME launched its first Bitcoin options product, but is its initial success a matter of good timing? In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a […]
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Let’s take a look at some of the key factors that helped spur the growth of the crypto market in 2019. During the first couple of months of 2019, the price of Bitcoin (BTC) stayed put under the $4,000 mark, thereby solidifying fears that the market was indeed in the midst of a long crypto […]
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Data from Glassnode strengthens the overall consensus that Bitcoin’s hash rate, despite being hard to measure, is stronger than ever before. The mean hash rate of the Bitcoin (BTC) network has hit new all-time highs to mark the cryptocurrency’s latest technical achievement, fresh data suggests. Compiled by monitoring resource Glassnode, a new analysis of Bitcoin’s […]
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Most major cryptocurrencies have resumed their up move, which shows that the rally can extend for a few more days. The total crypto market capitalization has risen from about $190.5 billion at the start of the year to over $243 billion. That is a rise of about 27.55% within 17 days. This shows that the […]
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Open interest hovers around $237 million with trajectory clearly pointing to a fresh record coming in January, with volume at three-month highs. Bitcoin (BTC) derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs. Data from CME Group shows that as of Jan. 16, open […]
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Dramatic bullish action in the first two weeks of 2020 buoys traders, who identified Bitcoin’s 200-day moving average as the next major resistance zone. Bitcoin (BTC) calmed its bullish growth after a week of gains on Jan. 15, settling just below its highest levels in two months. Cryptocurrency market daily overview. Source: Coin360 BTC steadies […]
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Managing director Tim McCourt says CME’s Bitcoin’s options launch was a success, hitting multiple targets on day one. The Chicago Mercantile Exchange (CME) is happy with the results of its Bitcoin options trading product launch on Jan. 13, according to CME Group’s managing director and global head of equity index alternative investment products Tim McCourt. […]
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Though several cryptocurrencies are stuck in a range, the trend is gradually turning positive. Bitcoin has seen an uptick in volumes in the new year. A report by cryptocurrency market research firm Arcane Research shows that 7-day average daily trading volume has surged 126% in a week. Along with Bitcoin trading volume, the CME Bitcoin […]
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The Chicago Mercantile Exchange has launched its new Bitcoin options on futures, following the acquisition of necessary regulatory approval. The Chicago Mercantile Exchange (CME) has received necessary regulatory approval and has launched its new Bitcoin (BTC) futures options as of today, Jan. 13. According to the official website of CME, the new type of Bitcoin […]
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“Serious” global interest in futures is accompanying the launch of two options products, as open interest also extends higher. Bitcoin (BTC) futures traders generated at least $20 billion in daily volume last week as two new options products prepared to hit the market. According to data released by futures provider CME Group on Jan. 9, […]
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