Average daily trading volume on futures Chicago Mercantile Exchange (CME) grew by 93 percent in the second quarter of 2018. The company also reported that the number of open contracts for Bitcoin has increased by almost half. This writes Cointelegraph.
The launch of futures on the cryptocurrency
Recall that the CME Group has started trading futures contracts on the Bitcoin 17 Dec 2017. The week before the largest options exchange in the United States Chicago Board Options Exchange did the same thing. It is noteworthy that in the opening day of trading the price of bitcoin has reached peak value.
In may, the Federal Bank of San Francisco released a report that linked the beginning of the bearish trend with futures. The same opinion adhere to other analysts.
Sharp price jump and subsequent fall can not be a coincidence.
Recently, the biggest exchange-traded Fund in the world, BlackRock has announced the creation of a working group to study the possibilities of entering the stock market. Positive news is a little “shook up” the situation on the market and returned, cryptocommunist faith in the new bullrun.
I hope he’s not far off. Meantime, HODL.
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