CME Bitcoin Futures Hit $1.76 Billion In Notional Value, Becoming All Time High

Bitcoin futures trading is fast becoming a popular investment choice in the last few months, especially after traditional institutions like the CME Group foraying in the digital currency space. The testimony to the fact is the latest report by CME stating that Bitcoin futures contracts crossed $1.76 billion on June 26. This is about 30% higher than the previous best.

Futures trading is one of the most popular modes of trading investments like stocks, commodities, and forex. However, futures trading in the crypto space is far from being mainstream. The scene is shifting, though, as more traditional investment companies like JP Morgan are starting to take Bitcoin futures seriously. Check out our predictions for Bitcoin to know more about the prediction of the coin by experts.

Consequently, the arrival of such institutional giants on the scene has forced crypto trading companies like Bakkt Trading to start offering futures trading, apart from usual buying and selling. Binance CEO Changpeng Zhao has announced at the ongoing 2nd Annual Asia Blockchain Summit 2019 in Taipei, that the world’s largest crypto exchange will offer futures trading very soon.

Based out of Chicago, Illinois, CME Group is one of the world’s largest financial market place for traditional investment assets. The group entered the crypto space a few months ago and has already had a huge impact on the market. With Bitcoin booming again since February this year, futures trading is a great option to pull traditional investors in the market. And as the market is heavily underserved, expect some big names to enter the space in the near future.

Scott Cook

Scott Cook got into crypto world since 2010. He has worked as a news writer for three years in some of the foremost publications. He recently joined our team as a crypto news writer. He regularly contributes latest happenings of crypto industry. In addition to that, he is very good at technical analysis.

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