Bitcoin futures markets have received little attention from investors or pundits.
On Tuesday of last week, Bitcoin Futures roared back to life.
"May futures traded 18,210 contracts anda total of 19,000 Bitcoin Futures traded here."
This was the first expiration for Bitcoin Futures, and those contracts anticipated a 20% reduction in Bitcoin's price.
According to the Cboe's official Twitter account, Bitcoin Futures traded at three times their average daily volume.
CME featured a similar upswing on their Bitcoin Futures contracts.
According to a Thursday Tweet by the exchange, they traded 11,000 futures contracts on Wednesday.
Bitcoin Futures are trading near 500 points higher than they were last week.
The sudden popularity of Bitcoin Futures reflects a reemerging bullish sentiment by figures such as Tom Lee, Tim Draper and others across the broad crypto spectrum.
Regardless, after months of stagnation, it's clear that through record-setting daily volumes, investors are expressing a renewed interest in the futures market.
Bitcoin Futures Posting New Highs In Daily Volume
Published on Apr 28, 2018
by Cryptoslate | Published on Coinage
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