The massive exchange CME Group, say its Bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional players. Open interest is the number of outstanding positions that rollover. This rose to 4,629 contracts, up from 2,873 in the third quarter of 2018, CME commented saying in a statement. This all came despite the quarter’s 25 percent drop in bitcoin price, Also, the average daily volume of contracts traded during the quarter was 5,534, up 10 percent from the year-earlier period. It was the equivalent of 27,670 bitcoin, or $289 million, according to the exchange. “Institutional flow remained strong, with 454 new accounts added, compared with 231 added in the third quarter of 2018,” CME said. CME start the BTC futures contract in 2017 now there are a few more offering the service including Bakkt. Both Bakkt and CME have announced a options contract that will be coming next year and that will surely entice more firms to trade the digital asset class. FX Street FX Street FXStreet is the leading independent portal dedicated to the Foreign Exchange (Forex) market. It was launched in 2000 and the portal has always been proud of their unyielding commitment to provide objective and unbiased information, to enable their users to take better and more confident decisions. View All Post By FX Street Crypto News share Read Next Stellar market overview: XLM/USD shoots up by 4.40% as bulls make merry FX Street 4 years The massive exchange CME Group, say its Bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61 percent from a year earlier because of growing demand from institutional players. Open interest is the number of outstanding positions that rollover. This rose to 4,629 contracts, up from 2,873 in the third quarter of 2018, CME commented saying in a statement. This all came despite the quarter's 25 percent drop in bitcoin price, Also, the average daily volume of contracts traded during the quarter was 5,534, up 10 percent from the year-earlier period. It was the… Regulated Forex Brokers All Brokers Sponsored Brokers Broker Benefits Min Deposit Score Visit Broker 1 $100T&Cs Apply 0% Commission and No stamp DutyRegulated by US,UK & International StockCopy Successfull Traders 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 2 T&Cs Apply 9.8 Visit Site FreeBets Reviews$100Your capital is at risk. 3 Recommended Broker $100T&Cs Apply No deposit or withdrawal feesTrade major forex pairs such as EUR/USD with leverage up to 30:1 and tight spreads of 0.9 pips Low $100 minimum deposit to open a trading account 9 Visit Site FreeBets ReviewsYour capital is at risk. 4 T&Cs Apply Visit Site FreeBets ReviewsYour capital is at risk. 5 Recommended Broker $0T&Cs Apply Trade gold, silver, and platinum directly against major currenciesUp to 1:500 leverage for forex trading24/5 customer service by phone and email 9 Visit Site FreeBets ReviewsYour capital is at risk.
