By CCN: Now that the bitcoin price has momentum on its side, the bulls are placing bullish bets again. The most aggressive trades are seemingly happening in the crypto derivatives market where the risk/reward profile differs vs. the spot market. Now that the bitcoin price has generated returns of approximately 130% year-to-date, derivatives traders are willing to put it on the line once again...
Institutional bitcoin derivatives platform LedgerX is reportedly preparing to expand its cryptocurrency product line to include ether, the native asset of Ethereum. The U.S. firm, which was the first trading platform to receive approval from the Commodity Futures Trading Commission (CFTC) to list bitcoin derivatives, has developed a line of ether options and is ready to roll them out once it gets...
CME Group’s bitcoin futures average daily volume spiked 93% in the second quarter over the previous quarter, while open interest posted a 58% increase, the company noted on Twitter. Average daily volume jumped from 1,854 in the first quarter to 3,577 in the second quarter, while open interest rose from 1,523 to 2,405 in the same period. CME provides its CF Bitcoin Reference Rate (BRR) and CME CF...
Cryptocurrency derivatives exchange LedgerX has launched the first bitcoin savings account regulated by the Commodity Futures Trading Commission (SEC). The new product, unveiled by the New York City-based firm on Tuesday, allows institutional investors to earn USD interest on their bitcoin holdings over three-month, six-month, and 12-month maturity periods, with target yields of up to 16 percent...
An unknown trader or group of traders has placed a million-dollar bet that the bitcoin price will reach $50,000 by the end of 2018. As first reported by The Wall Street Journal, trading data from LedgerX -- the first U.S. exchange to list bitcoin derivatives -- shows that an unidentified trader or group of traders paid $990,000 for the right to purchase up to 275 bitcoins in 2018 -- at a price of...
The CME Group, the world’s largest derivatives exchange, has announced that it intends to launch bitcoin futures during the fourth quarter of 2017. Chicago-based CME Group made the announcement on Tuesday, explaining that the futures will be cash-settled based on the CME CF Bitcoin Reference Rate, a bitcoin price index it launched last year in partnership with U.K. firm Crypto Facilities. "Given...
The bitcoin price pulled back from its all-time high this weekend, weighed down by a bitcoin cash price surge and disagreements over the SegWit2x scaling proposal. However, Wall Street strategist Tom Lee believes that the long-term prospects of the bitcoin price remain quite promising. As CNBC reports, Lee--who co-founded Fundstrat Global Advisors and is bearish on the outlook for the stock...
CBOE Holdings, one of the largest exchange groups in the world, recently announced a partnership with Gemini, the cryptocurrency exchange founded by Cameron and Tyler Winklevoss, that will allow it to use Gemini trading data to power bitcoin derivatives and indices. The agreement, that still needs to be approved by the Commodity Futures Trading Commission (CFTC), will see Gemini provide CBOE data...