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 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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Bakkt Rolls Out ‘Critical’ Bitcoin Custody After NY Gives Green Light

Bakkt Rolls Out ‘Critical’ Bitcoin Custody After NY Gives Green Light

Limited availability goes full-scale after trading platform receives necessary green light from New York authorities. Institutional Bitcoin (BTC) trading platform Bakkt has announced it has launched its custody feature for its entire client base following regulatory approval.Bakkt: custody is “critical link” in BTC adoptionIn a blog post on Nov. 11, Bakkt said it had received the go-ahead from the New York Department of Financial Services (NYDFS) to offer custody services to any institution. Previously,…

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