Categories: Bitcoin Business

CBOE and CME Bitcoin Futures See Lowest Volumes Since Launch

Click here to view original web page at bitcoinist.com

Chicago Mercantile Exchange (CME) and Chicago Board Options Exchange (CBOE) have seen the lowest Bitcoin futures volumes since they launched to much fanfare in December 2017.

Battle Of The Markets

New research by TradeBlock shows that at their summer 2018 peak, combined trading volumes reached near-parity with spot trading volumes across five top US exchanges.

Bitcoin futures trading volume has fallen significantly since peaking in the summer. The latest numbers from December 2018 show the lowest volumes since the products were launched in December 2017.

What’s more, the vast majority of that volume has been through CME. Whilst the two markets were initially neck-and-neck, the gap between them has steadily widened since February 2018.

Volume grew rapidly following the products’ launch, reaching a high-point in July 2018 when it topped $5 billion. At the same time, spot trading volume was falling at digital currency exchanges in the US. Across five of the largest US exchanges (Coinbase, itBit, Kraken, Bitstamp, and Gemini) it fell dramatically, from over $20 billion, down to just over $5 billion.

Between January 2018 and October 2018, spot-trading volume fell 85%, following the general trend of the bitcoin price $3660.64 +0.33%. Although volumes did start to pick up again in November and December 2018.

Back To The Futures

Meanwhile, following the peaking of the futures market in July and August 2018, volumes almost halved in September and have fallen steadily since. The exception to this was November, when volumes spiked, following volatility and a number of price crashes.

This decline in futures trading over H2 2018, coupled with the resurgence in spot trading, has seen spot trading volumes pull ahead again at the start of 2019.

But 2019 will see the launch of several new bitcoin futures products, from firms such as Bakkt, Nasdaq, ErisX, and CoinFLEX. It will be interesting to see the effect of these platforms on volumes as they come live over the next few months.

And of course, we may need to factor in the effects of volatility in price, should any also occur during this period.

Will futures volumes rebound with increasing price? Share your thoughts below!

Images courtesy of Shutterstock

cinerama

Illuminati, Mason, Anonymous I'll never tell. I can tell you this, global power is shifting and those who have the new intelligence are working to acquire this new force. You matter naught except to yourself, therefore prepare for the least expected and make your place in the new world order.

Disqus Comments Loading...
Share
Published by
cinerama

Recent Posts

Terrorists are turning to Bitcoin for funding, and they’re learning fast

Representational image of Bitcoin. (File: Bloomberg) By Nathaniel Popper Hamas, the militant Palestinian group, has been designated a terrorist organization… Read More

25 mins ago

Latest Faketoshi says he conveniently ‘lost the hard drive’ containing billions in Bitcoin

Just yesterday we told you how there was a new Faketoshi in town, staking a questionable claim to the Bitcoin… Read More

25 mins ago

Study Suggests Scarcity Could Drive Bitcoin Prices to $60,000 by May 2020

Share Tweet Send Share Bitcoin price predictions have been coming thick and fast in recent months as the world’s top… Read More

25 mins ago

“Bitcoin will never hit 50k” says crypto skeptic Peter Schiff

For a man that wants nothing to do with Bitcoin , economist and Euro Pacific Capital CEO Peter Schiff never… Read More

25 mins ago

Casa Releases Node Monitor Service to Improve Bitcoin Network Health

Casa, a crypto firm that provides a private key management service and Bitcoin node machine, has unveiled a node monitor… Read More

25 mins ago

ETC/ETH Technical Analysis: Ethereum Classic breaks higher

Ethereum Classic vs Ethereum: Classic is making a comeback today An important price level has been broken 0.037673 looks to… Read More

26 mins ago

This website uses cookies. We use these cookies to collect data about your interaction with our website for the purpose of continuously improving your experience with our site. For more information we encourage you to read our privacy policy.

Read More