Nov 05, · Despite the first Bitcoin futures appearing as recently as , cryptocurrency derivatives are now by far the most popular way to trade Bitcoin. As per data from CryptoRank, Bitcoin futures now account for % of all Bitcoin trade volume, with $ billion worth of BTC futures contracts being traded each day. 15, Bakkt Bitcoin Futures were traded today, representing over $M of volume and a 36% increase from our previous all-time high 📈 — Bakkt (@Bakkt) September 15, Per the platform over $ million worth of bitcoin changed hands to hit the new all-time high. Dec 15, · A study revealed a rising trend in bitcoin (btc) volume trading across Latin America amid the coronavirus pandemic and rising inflation, pushing .
Bitcoin future trading volumeBitcoin Futures Trading Volume Slips to 3-Month Low on CME
The brand new volume growth on OKEx trading platform shows that the Asian investors and market watchers are very much into cryptocurrency and their very activity on the Bitcoin market could be the main reason why Bitcoin set to rocket the crypto market. However, Bitcoin projected to maintain the Bullish trend for some time.
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We are sorry that this post was not useful for you! Bitcoin futures are a type of simple agreement contract to buy or sell Bitcoin at a specific price at a specific future date. They differ from a Bitcoin ETF , which is a commodity fund that tracks the price of Bitcoin as its underlying asset. Advocates of Bitcoin futures argue that their emergence leads to more efficient price discovery —since traders and investors can now short Bitcoin just as easily as going long.
However, in the years since they first launched, Bitcoin futures have been frequently scrutinized by industry experts—many of whom argue that some of the platforms offering Bitcoin futures products are not compliant with relevant regions, while some may be operating illegally. The lack of regulatory oversight on some Bitcoin futures platforms has led to accusations of market manipulation. Matters came to a head in October , when BitMEX—once the most popular Bitcoin futures exchange by trading volume—was charged with operating an unregistered trading platform, among other things.
Moreover, the United Kingdom's financial watchdog, the Financial Conduct Authority FCA recently announced a ban on certain types of cryptocurrency derivatives for retail customers, including futures and exchange-traded notes ETNs —signaling a potentially worrying trend among regulators. Despite the first Bitcoin futures appearing as recently as , cryptocurrency derivatives are now by far the most popular way to trade Bitcoin.
As per data from CryptoRank, Bitcoin futures now account for Though the vast majority of this trading volume is accounted for by institutional investors, the increasing accessibility and simplicity of futures products, as well as the growing range of available educational materials, have helped make Bitcoin futures accessible to casual investors. When traders open a perpetual swap trade they bet on whether the value of a cryptoasset will rise or fall, and may have to pay funding fees.
The contract itself does not expire. Options, a financial derivative giving contract buyers the opportunity but not the obligation to buy or sell the underlying asset, are also widely available across cryptoasset exchanges. In a Medium post , OKEx even revealed it added three more expiration dates to its options trading: daily, two-day and monthly.
The most popular cryptocurrency derivatives contracts, on OKEx and other platforms, are bitcoin perpetual swaps, and bitcoin futures contracts. Featured image via Pixabay.