CME Bitcoin Futures Hit $10K as BTC Price Finally Nears Five Figures

CME Bitcoin Futures Hit $10K as BTC Price Finally Nears Five Figures

CME Bitcoin futures investors were trading the equivalent of $10,000 per Bitcoin as weekly gains top 5%. Bitcoin (BTC) crossed the $10,000 mark for swathes of institutional investors this week as markets looked increasingly likely to surge higher still.Bitcoin 7-day price chart. Source: Coin360CME reaches $10K per BitcoinData from CME Group’s Bitcoin futures shows the implied price of Bitcoin reaching the symbolic five figures on Feb. 6. Since then, a slight correction has sent BTC/USD…

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CME’s Futures Options Sprinted Out of the Gate but a Marathon Lies Ahead

CME launched its first Bitcoin options product, but is its initial success a matter of good timing? In the two years since it launched cash-settled Bitcoin futures, CME has firmly established itself as a leader in the regulated crypto derivatives space despite not always being the first to market. In December 2017, it launched regulated Bitcoin futures a week after rival exchange CBOE. However, it only took 15 months for CBOE to completely withdraw from the market. By…

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CME Bitcoin Options Trade $2.3M in Debut, BTC Price Hits 2-Month High

CME Bitcoin Options Trade $2.3M in Debut, BTC Price Hits 2-Month High

A warm reception greets the industry’s latest Bitcoin options rollout as reported volumes elsewhere also deliver surprises. Bitcoin (BTC) futures options from CME Group saw volumes in excess of $2.3 million on the product’s first day of public trading, the company has confirmed. Data from CME’s official website confirmed the successful rollout on Jan. 13, which began as scheduled and ultimately saw 55 contracts change hands. Investors lap up BTC options productsEach contract corresponds to 5…

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Bitcoin Options Launch Imminent as CME Open Interest Hits 7-Month High

Bitcoin Options Launch Imminent as CME Open Interest Hits 7-Month High

“Serious” global interest in futures is accompanying the launch of two options products, as open interest also extends higher. Bitcoin (BTC) futures traders generated at least $20 billion in daily volume last week as two new options products prepared to hit the market. According to data released by futures provider CME Group on Jan. 9, its futures contracts alone saw open interest almost 70% higher than at the end of 2019.“Serious” volume precedes options…

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