Cme Group: Bitcoin Futures Trading Agreement Has Increased by 93%
Bitcoin’s future contracts have seen an important 93% increase in their daily volume during the last quarter, according to CME Group, a house of markets for this type of financial assets, it is remarkably one of the largest exchanges in the world. According to information shared through Twitter, the interest for the contracts reached a rate of 2400 contracts, an increase of 58% in future contracts with respect to the previous quarter (2018).
In addition, the CME Group released a press release where it claimed to have reached a daily volume of 4.2 million future contracts in the second quarter of 2018, about 13% more than the same period of the previous year. Bitcoin is part of the future assets traded by this company, including metals and agricultural shares.
CME also manages the Bitcoin Reference Rate (BRR) and Bitcoin Real-Time Index (BRTI) indexes, the former being a referential price averaged daily with global markets and the latter a real-time index for its trade. The indexes work since 2016, taking into account multiple exchange houses, such as GDAX, Kraken and Bitstamp.
It has been a semester of growth for CME’s future contracts markets, since they were launched in December last year. Another house of markets, which recently requested authorization from the US Securities and Exchange Commission (SEC) to create a Listed Investment Fund, was the Chicago Board Options Exchange (CBOE), a house that actually opened its offer of future contracts first than CME.
Thus, the SEC has received many comments about the approval of this Investment Fund and is expected to know the decision by August 16. On the other hand, the current statistics of the CBOE maintain that Bitcoin futures contract markets have a daily volume of 2,272 and 5,261 contracts in the interest rate, a change of 36% with respect to the previous quarter.
In this way, the insertion of Bitcoin in traditional financial dynamics is encouraged, markets that have an interest both in dealing with cryptoactives and in knowing the benefits of distributed accounting technology, as has been the case of dozens of companies that have launched funds. of investment in cryptocurrencies. In fact, the CME Group also registered a patent to create a modifiable private Blockchain with a view to being applied in various industries.
The inclusion of Bitcoin’s future assets in the financial markets could boost the price of Bitcoin, as has happened on previous occasions. Among them, on Friday June 29, when the future contracts of CME and Bitcoin were liquidated, there was a 10% increase in their price, going from being worth 5,800 dollars to worth 6,446 dollars.
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