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BITCOIN FUTURES ADV RISES UP TO 93% IN 2ND QUARTER OF THE YE...
Bitcoin

BITCOIN FUTURES ADV RISES UP TO 93% IN 2ND QUARTER OF THE YEAR, ONLY

Chicago Mercantile Exchange(CME) in a tweet revealed that bitcoin future’s average daily volume(ADV) RISES by 93% in the 2nd quarter over the 1st quarter of this year, with it’s rate of open interest(OI) i.e, the number of open contracts on Bitcoin future’s exceeding 2400, amounting to 58% increase in Q1.

The CME Group is the largest global exchanges to have ever thought of launching Bitcoin futures trading on Dec 17, 2017, after Chicago Board Options Exchange(CBOE) launched it’s own Btc futures on the 10th of Dec 2017.

The Federal Reserve Bank Of San Francisco allegedly accused these 2 companies that introduced Bitcoin future’s as being responsible for the rapid decline in the price of bitcoin, lastly year December when it reached it’s all time high of $20,000.

Earlier this month, we read about the largest exchange-traded fund(ETF) supplier in the world, Blackrock, as they are still wondering whether to invest in Bitcoin futures or not.

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