CME

CME Bitcoin futures show investors betting on $40K BTC price

The demand for institutional investors for Bitcoin (BTC) became evident on Nov. 10 as the Chicago Mercantile Exchange (CME) Bitcoin futures flipped Binance's BTC futures markets in terms of size. According to BTC derivatives metrics, those investors are showing strong confidence in Bitcoin's pote ...

Futures will be the best crypto game in town even after a Bitcoin spot ETF

The Chicago Mercantile Exchange (CME) has long been the home of crypto for traditional finance investors, and this is unlikely to change — even with the approval of a Bitcoin spot ETF.Activity on the CME has expanded significantly over the past 12 months. The CME now sees more Bitcoin (BTC ...

CBOE to launch BTC, ETH margin futures trading in January with 11 firms supporting

Cboe Digital has announced the launch date of Bitcoin (BTC) and Ether (ETH) margin futures trading – Jan. 11, 2024. The regulated crypto-native exchange and clearinghouse will become the first in the United States to offer both spot and leveraged derivatives trading on a single platform, it ...

CME overtakes Binance to grab largest share of Bitcoin futures open interest

Binance’s dominance of Bitcoin futures open interest has been toppled by traditional derivatives market place heavyweight Chicago Mercantile Exchange (CME), following Bitcoin’s first move past the $37,000 mark in over 18 months.A number of analysts highlighted the ‘flippe ...

Data highlights Bitcoin’s potential path to $40K amid global economic turbulence

Bitcoin (BTC) has been trading within a narrow 4.5% range over the past two weeks, indicating a level of consolidation around the $34,700 mark. Despite the stagnant prices, the 24.2% gains since Oct. 7 instill confidence, driven by the impending effects of the 2024 halving and the pot ...

Crypto Biz: Value of X halves, CME rises among top Bitcoin futures exchanges, and other news

The crypto industry continues to anticipate the approval of a spot Bitcoin exchange-traded fund (ETF) in the United States as more investment managers file amended applications with the Securities and Exchange Commission (SEC).The high level of anticipation has even caused the Chicago Merc ...

CME Bitcoin futures hit record high, but uncertainty looms above $36K

Bitcoin (BTC) futures open interest at the Chicago Mercantile Exchange (CME) hit an all-time high of $3.65 billion on November 1. This metric considers the value of every contract in play for the remaining calendar months, where buyers (longs) and sellers (shorts) are continually matched.B ...

Bitcoin futures data highlight investors’ bullish view, but there’s a catch

Bitcoin (BTC) price surged by 26.5% in October and several indicators hit a one-year high, including the BTC futures premium and the Grayscale GBTC discount. For this reason, it's challenging to present a bearish thesis for BTC as data reflects the post-FTX-Alameda Research collapse r ...

CME becomes second-largest Bitcoin futures exchange as open interest surges

The Chicago Mercantile Exchange (CME), a regulated Bitcoin (BTC) Futures exchange, now stands just behind Binance in terms of notional open interest (OI) to rank second in the list of BTC futures exchanges.CME’s OI hit $3.58 billion earlier on Oct. 30, pushing the regulated derivatives exc ...

Bitcoin bulls fight to hold $34K as CME BTC open interest surpasses 100K

Bitcoin (BTC) is currently battling to hold the $34,000 level after a stellar rally and short squeeze saw its price push above $35,000 on Oct. 23.In an Oct. 24 market update, Capriole Investments founder Charles Edwards noted that after seven months of consolidation, Bitcoin’s upward ...

CME Bitcoin trading volume surpasses Bybit, but is it impacting BTC price?

The Chicago Mercantile Exchange (CME) introduced its Bitcoin (BTC) futures contract in December 2017. This was around the same time that BTC had reached an all-time high of $19,800, but by late 2018 the price had dropped to $3,100. Investors in cryptocurrencies quickly learned that CME derivative ...

Cryptocurrency Exchanges See Record Trading Volumes in March 2023

Based on data from CCData, centralized cryptocurrency exchanges experienced a surge in trading volumes last month, with a total of $3.81 trillion traded. This marks the highest trading volume since September of 2022. The spot market saw trading volumes of $1.04 trillion, an increase of 10.8% in M ...

Bitcoin Mining Difficulty Reaches New Record: 43.55 Trillion Hashes

The difficulty of mining the first cryptocurrency has been recalculated, and it has shown a 1.16% increase, reaching a new record of 43.55 trillion hashes. This new record makes Bitcoin mining more challenging and less profitable. Previously, on February 25, the difficulty of mining reached 43.05 ...

Bitcoin surges to $24,000 with launch of event-based contracts on CME

Bitcoin's Value Soars to $24,000 Following CME's Introduction of Event Contracts The Chicago Mercantile Exchange (CME) has made an announcement about the launch of event-driven futures contracts for Bitcoin. In addition, the concerns surrounding US banks have dissipated, leading to a 10% surge in ...