CME report shows Bitcoin futures volume up by 41%

18 Oct, 2018
by Will Heasman
News
CME report shows Bitcoin futures volume up by 41%

While the cryptomarket stews in an ongoing bear market, it appears that futures trading of Bitcoin is flourishing nicely.

A report by the CME shows that Bitcoin futures trading has risen by 41% from of the 2nd quarter of 2018 to Q3.

The chart shows exponential growth from Q2 to Q3, suggesting that this trend may continue.

The CME Group launched Bitcoin futures trading back in December 2017, a fact that contributed to the meteoric rise, and subsequent all-time-highs exhibited from BTC and other altcoins.

A recent report by Bloomberg details that the CME isn’t looking into expanding the futures to altcoins any time soon. The CME Chief executive officer, Terry Duffy explained that the bitcoin futures contracts “might have been the most controversial launch of a product” in a decade of trading, reaffirming his position on adding any altcoins to the roster.

Read more: BTC futures trading in Asia sees demand increase, equal to USA trading volumes; Bitcoin "about to explode", (according to CNBC host...); Bakkt announces first product: Physical Bitcoin Futures

   

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