CME Bitcoin Futures Options Overtake Bakkt with over $2 Million in Debut

Bitcoin (BTC) futures options trading is now live on the Chicago Mercantile Exchange – CME. The offering went live yesterday Jan. 13 and began trading after it successfully got approval from regulatory authorities.  The CME Group announced this on its website as trading went live. According to the page, Bitcoin futures options were created to satisfy customers’ yearnings. It says it was done “in response to growing interest in cryptocurrencies and customer demand for tools to manage Bitcoin exposure.” It also explains that the options available are based on the regulated CME…

Kraken Futures to Expand Into Russia After New Hire

Kraken Futures has hired its first Russian representative in a bid to ramp up its operations in the world’s largest country by land mass. The regulated futures provider, acquired by Kraken last year when it was called Crypto Facilities, brought on Aleksey Bragin last month and now intends to grow its Russian presence with in-person visits and Russian-language social media groups. The London-based subsidiary currently offers bitcoin, ether, bitcoin cash, litecoin and XRP futures contracts and sees some $17 million in daily volume for the bitcoin futures alone. “Russia is…

CME’s Options on Bitcoin Futures Pass Regulatory Approval and Go Live

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 derivatives contract — Bitcoin futures options — is now live, which comes in line with the company’s plans announced in November 2019. CME’s Bitcoin futures options was subject to “regulatory approval” earlier in the day Specifically, the launch of CME’s Bitcoin futures options follows regulatory approval that the exchange received earlier today, as reported…

Institutional and Retail Bitcoin Futures Demand Continues to Climb

2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have a long way to go to catch up to the trade volumes retail bitcoin derivatives platforms have seen. Also Read: Mining Report Highlights China’s ASIC Manufacturing Improvements and Dominance Regulated Bitcoin Futures Products See Increased…

Bitcoin Price Halts 3-Day Losing Streak With $7,680 Futures Gap Bounce

Bitcoin (BTC) continued falling on Jan. 10 as gains from late last week fizzled and markets attempted to find support levels in the $7,000-$8,000 range. Cryptocurrency market daily overview. Source: Coin360 BTC futures gap punctuates losses Data from Coin360 and Cointelegraph Markets showed BTC/USD shedding another 2% overnight on Thursday, having previously reached local highs above $8,400.  At press time, the pair circled just under $7,750 in volatile conditions, having paused its losses after hitting a “gap” in CME’s futures market between $7,676 and $7,716. CME’s price index itself just…

CME Set to Launch Bitcoin Futures Options on January 13

The United States Commodity Futures Trading Commission (CFTC) has previously allowed several crypto derivatives products to enter the market. In that context, the CME Group, which offers Bitcoin futures, plans to launch options on BTC futures on January 13, 2020. While responding to the growing interest in cryptos and customer demand for tools to manage Bitcoin exposure, CME decided to launch options on BTC futures. As we highlighted earlier, the firm officially confirmed this launch last November. All About Options CME has published a course on their site to teach…

Bitcoin Price Can Bounce to $9.5K After Filling Futures Gap — Analyst

Bitcoin (BTC) fell below $8,000 overnight on Jan. 8, ending a brief period of bullish action that saw the price hit its highest since November 2019. Cryptocurrency market daily overview. Source: Coin360 BTC tests new upper $7K support Data from Coin360 and Cointelegraph Markets showed support in the $8,000 range prove to be weak, BTC/USD hitting 24-hour lows of $7,850. The pair had reached as high as $8,400 on Wednesday, while at press time, markets were targeting an area $500 lower near $7,900.  Bitcoin 7-day price chart. Source: Coin360 As…

Bitcoin Price Clears $7.5K After Overnight Dip Fills CME Futures Gap

Bitcoin (BTC) trudged closer to $7,600 on Jan. 6 after an overnight dip failed to trigger a sustained sell-off. Cryptocurrency market daily overview. Source: Coin360 BTC range suggests few surprises Data from Coin360 and Cointelegraph Markets put the largest cryptocurrency back over the $7,500 mark on Monday, with 24-hour highs hitting $7,550. Previously, BTC/USD had lost support at $7,450 and fallen to lows of $7,330, but support at those levels appeared stronger and allowed markets to bounce upwards. The effect was Bitcoin filling another “gap” in futures markets, this time…

KuCoin’s Futures Platform KuMEX Launches a Lite Version

KuMEX, the Bitcoin futures platform developed by KuCoin, today announced the launch of a Lite version, which not only focuses on core trading experience by simplifying the overall interface but also provides analytic tools such as a long-short ratio and revenue calculator to help newcomers to the crypto futures market better predict market trends and improve their investment strategies. KuMEX Lite introduces three major simplifications. The first is the market interface, which is simplified by switching from candlestick charts to line charts. At the same time, the order book and…

Bitcoin Fixed Supply Means Futures Aren’t a ‘Threat’ to Price — PlanB

The Bitcoin (BTC) price analyst who created one of the industry’s best-known prediction models thinks futures markets will not undermine the cryptocurrency.  In a Twitter debate on Dec. 26, PlanB, father of the Stock-to-Flow tool, dispelled fears that Bitcoin futures markets could negatively impact price. ‘Inelastic’ supply preserves BTC “I don’t see futures as a threat to #bitcoin,” he summarized. The comments follow months of speculation about futures in light of Bakkt’s offering going live in September this year. Days after launch, Bitcoin markets fell significantly, leading to widespread theories…