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Receive all Bitcoinist news in Telegram! Since last week Bitcoin futures have officially started trading on CBOE Global Markets. Many Bitcoin investors are anticipating a rapid price movement once CME group launches its own Bitcoin futures contract this week. Bitcoin futures are currently one of the most popular topics in the Bitcoin and finance communities.
In the last couple of weeks, many investors and traders were eagerly waiting for Bitcoin futures to officially start trading. 4,000 contracts were exchanged in total, a relatively low trading volume since the average is more than 100,000. Experts believe that the main reason for that is the uncertainty that clouds Bitcoin and cryptocurrencies. Many institutional investors are still struggling to fully understand Bitcoin and its technology, and thus hesitate to invest in the digital currency. The Chicago Board Options Exchange isn’t the only entity that is launching a Bitcoin futures contract. Bitcoin futures in the upcoming week.
Analysts believe that the CME will be able to bring in more trading volume and perhaps further influence the price of Bitcoin. The CME contract is based on a broader array of exchanges. So there is a possibility that the CME contract may generate more interest and more volume. It will definitely be interesting to see how high CME’s trading volume will be. Traders are anticipating strong price movements once the futures officially start trading on the CME. What are your thoughts on CME’s upcoming Bitcoin futures?