• Advertise
  • Submit a Press Release
NewsBTC
Bitcoin & cryptocurrency news
Crypto.com Logo
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play GamesTry
  • Bet & WinTry
  • Bitcoin Casino ReviewsTry
No Result
View All Result
NewsBTC
No Result
View All Result
investing, bitcoin, cryptocurrency
Nexo Logo

CME Futures Rolled Out Smoothly; Bitcoin Remains Bullish

Martin Young by Martin Young
5 years ago
in Uncategorized
Reading Time: 2 mins read
Advertisement

As expected Bitcoin went on a bit of a roll up the chart leading up to the launch of CME Group’s futures contracts on Sunday. Being a much larger exchange it was predicted that this would have a bigger effect on the market than last week’s CBOE offerings. The king of crypto inched up to just over $20k just before the trading doors were opened at CME.

According to Coinmarketcap.com BTC reached $20,089 at 12.19 UTC on December 17.  It has since corrected back to around $19,100 where it is currently trading with a 24-hour volume of $13.1 billion. There was a little less volatility and a little smoother ride for CME, their website stayed up for a start. Pricing was another factor that was more streamlined as the contracts are based on prices from four different exchanges unlike CBOE’s which are only based on the one.

CME priced their contracts just 2% off the actual Bitcoin price which made them more efficient and more attractive as investments. CBOE conversely had quite a price disparity of around 13% when their futures were launched last Sunday. According to sources and data from the CME website, more than 200 one month contracts were sold during the first hour of trading. People seemed better prepared this time around and they knew how they were going to hedge their positions.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The value of the contracts also differs with CME’s being five times more since they are based on 5 Bitcoin’s compared to just one at CBOE. Coindesk claims that the contracts are still priced at a premium when looking at the actual price of BTC. They are more secure as traders do not actually own the Bitcoin so are not subject to these wild fluctuations.

Volatility protection is in place with larger exchanges and CME stated they will suspend trading if the contracts rise or fall 7% or 13%, prices won’t be allowed to move more than 20%. Institutional traders will be more attracted to this type of investing, buying and selling off crypto charts is not for the faint-hearted, though ‘hodlers’ can usually handle it.

More recognition for Bitcoin and its brethren will be awarded from the news that major regulated exchanges are getting into the crypto markets. With Nasdaq and Wall Street’s Cantor Fitzgerald looking to launch Bitcoin-based products in 2018 long may the crypto mania continue.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!
Read our comparison of 50 different crypto casinos. Find out who has most generous bonuses, best UX, knowledgeable customer support and best provably fair games.
Tags: Bitcoin NewsCBoECMEcontractsfutures
Tweet123Share196ShareSend
Win up to $1,000,000 in One Spin at CryptoSlots
Martin Young

Martin Young

Martin is a Southeast Asia based info-tech, cyber security, and cryptocurrency analyst with 20 years working in web technology and media.

Related Posts

Cardano

Why This New NFT Integration May Be What Cardano Needs To Break $0.6

10 mins ago
Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

Bitcoin Miners Suffer Over $1 Billion Loss In Q2 2022

48 mins ago
Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market

Brazillian Brokerage Firm Introduces Trading For Crypto Assets Amid Bear Market

3 hours ago
TA- Origin Protocol (OGN) Struggles – OGN Eyes Double Digit Gain

TA- Origin Protocol (OGN) Struggles – OGN Eyes Double Digit Gain

3 hours ago
Ethereum Price

Will The Ethereum Merge Drive The BTC Ratio To New ATHs?

3 hours ago
TA- Price Of Ethereum Faces Rejection At $2,000: Are bulls Still In Control?

TA- Price Of Ethereum Faces Rejection At $2,000: Are bulls Still In Control?

4 hours ago

Premium Partners

Top Brokers

PrimeXBT

PrimeXBT

Review · Visit

Top Casinos

BitStarz

BitStarz

Review · Visit
7BitCasino

7BitCasino

Review · Visit
Punt Casino

Punt Casino

Review · Visit
mBit

mBit

Review · Visit
CryptoGames

CryptoGames

Review · Visit
Bspin

Bspin

Review · Visit

Sportsbooks

1xBit

1xBit

Review · Visit

Celebrities Back IBAT at Battle Infinity Launch Party

August 16, 2022

Go Around the World with 1xBit and Win Crypto

August 16, 2022

Upcoming MetaShooter NFT sale on the biggest platforms on 17th of August! Hidden gem just revealed!

August 16, 2022

Investors Should Buy These Cryptos Today: Uniglo (GLO), Bitcoin (BTC) And Fantom (FTM)

August 16, 2022

Gnox (GNOX) Causing Polygon (MATIC) And Avalanche (AVAX) Investors To Bridge Over After Presale 100% Sold

August 16, 2022

ABOUT US

NewsBTC is a cryptocurrency news service that covers bitcoin news today, technical analysis & forecasts for bitcoin price and other altcoins. Here at NewsBTC, we are dedicated to enlightening everyone about bitcoin and other cryptocurrencies.

We cover BTC news related to bitcoin exchanges, bitcoin mining and price forecasts for various cryptocurrencies.

COMPANY

  • Advertising
  • Comments Policy
  • Privacy Center
  • Sitemap
  • About Us
  • Contact

Technical Analysis

  • Bitcoin (BTC)
  • Ethereum (ETH)
  • Ripple (XRP)
  • Chainlink (LINK)
  • Cardano (ADA)
  • Tezos (XTZ)

LINKS

Crypto Prices from Nomics

Cryptocurrency news

  • Bitcoin
  • Ethereum
  • Ripple
  • Chainlink
  • Cardano
  • EOS
  • Tezos

© 2021 NewsBTC. All Rights Reserved.

  • Home
  • News
    • Bitcoin
    • Ethereum
    • Cardano
    • Dogecoin
    • Ripple
    • DeFi
    • NFT
    • Sponsored
    • Press Releases
  • Analysis
    • Bitcoin (BTC)
    • Ethereum (ETH)
    • Cardano (ADA)
    • Chainlink (LINK)
    • Litecoin (LTC)
    • Tezos (XTZ)
    • Zcash (ZEC)
    • EOS
    • YearnFinance (YFI)
  • Trading Course
  • Directory
    • Crypto Businesses
    • Bitcoin Brokers
    • Casinos
    • Sportsbooks
  • Play Games
  • Bet & Win
  • Bitcoin Casino Reviews

© 2021 NewsBTC. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.