CME is gaining presence in Bitcoin options in a market still dominated by Deribit and exchanges, new data reveals. Bitcoin (BTC) derivatives interest is putting in “fast” growth this quarter — and CME Group is leading the way for options, new data shows. According to monitoring resource Skew, the past weeks have seen CME dramatically […]
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How likely is it that Bitcoin trading volumes will top $1 trillion a day by 2025? In its latest report cryptocurrency data provider Coin Metrics predicted that Bitcoin’s daily volume could eclipse that of the U.S equity market, if growth rates are maintained. But how likely is it really? The report cites Bitcoin as an […]
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COVID-19 pandemic seems to be one of the drivers behind the recent sharp increase in Bitcoin trading volume across Russia. On June 4, a new study performed by a number of Russia-based crypto exchanges revealed a significant rise in Bitcoin (BTC) trading across Russia since March amid the COVID-19 lockdown. As RBC reports, representatives from […]
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The price of Bitcoin abruptly dropped to $8,600 in less than five minutes on June 1, and top crypto traders are split on the direction it will go. The price of Bitcoin (BTC) suddenly dropped from $10,000 to $8,600 on BitMEX as nearly $140 million worth of long contracts were liquidated. The pullback came merely […]
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Russia tops global Bitcoin trading on P2P exchange LocalBitcoins amid local crypto regulation uncertainty. Despite local cryptocurrency uncertainty, Russia is strengthening its leadership on major peer-to-peer exchange LocalBitcoins in the share of Bitcoin (BTC) trading volumes. Russia has traded the most Bitcoin on LocalBitcoins exchange for two consecutive months, April and May 2020, according to […]
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Bitcoin is still far from the status of macro assets, but is catching up relentlessly, says Coin Metrics’ State of the Network. “All facets” of Bitcoin (BTC) trading volume are growing exponentially and can easily match major asset classes, says a new report. Released on June 2, Coin Metrics’ State of the Network casts the […]
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According to a recent report, Africa’s lack of traditional financial infrastructure makes the region fertile ground for cryptocurrency adoption. A recent report suggests that the lack of traditional financial infrastructure makes Africa a place where cryptocurrency adoption is likely. The report — shared with Cointelegraph by a Luno representative on May 27 — sheds light […]
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CME customers would rather trade cash-backed Bitcoin products at present. Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC). “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told […]
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The Chicago Mercantile Exchange, or CME, recently saw record Bitcoin trading numbers in multiple categories. Mainstream market exchange, the Chicago Mercantile Exchange, or CME, recently posted record numbers for its Bitcoin (BTC) trading products. May 14 yielded open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC — an all-time high for […]
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When Brazil’s central bank lowered its interest rates to 3%, potentially driving out some investors, it may have opened the doors for BTC. Bitcoin’s year-to-date performance compared to the Brazilian Real coupled with the country’s financial woes may help drive demand towards the cryptocurrency. According to a new report released May 11 by Delphi Digital […]
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