In an incredible and slightly confounding turn of events, Bakkt’s bitcoin Futures volume has soared as much as 796% to a new all-time high (ATH). This is a far cry from previous volumes and a bullish sign of revival for Bakkt following its lackluster beginnings. Launching some two weeks ago, Bakkt day one performance showcased … Read more
Conspiracies concerning the manipulation of bitcoin futures may now have some grounds, as researchers claim to have found a “striking systematic trend” between BTC price action and futures expiry dates. Cries of foul play surrounding CME’s bitcoin futures contracts are almost as old as the derivatives themselves. For months, the expiration date of the cash-settled … Read more
Crypto will never be anything more than a fringe investment until it gets government backing. That’s the assessment of Terry Duffy, the CEO of top derivatives marketplace CME Group. Click on the button to load the content from www.bloomberg.com. Load content Duffy told Bloomberg that resistance to crypto is too great to overcome without institutional support … Read more
Bitcoin took a significant step toward becoming a mainstream financial instrument this week, as two institutional investors completed the first-ever exchange for physical (EFP) transactions involving bitcoin futures. The CME EFP Bitcoin transaction, facilitated by E D & F Man Capital Markets, a registered futures commission merchant, and itBit, an institutional-grade cryptocurrency exchange, saw two … Read more
The FED and prominent economists believe that the bitcoin futures market ultimately led the cryptocurrency market to crash and record the third worst correction in its history. Real Impact of Bitcoin Futures Yukio Noguchi, a Japanese economist, claimed in a recent column that the abrupt change in trend from a bull market to a strong … Read more