Futures news

World latest news

Binance Raises Maximum Leverage On Bitcoin Futures To 125x

Binance crypto exchange has just sweetened the pot as its futures platform now offers 125x leverage on its Bitcoin-Tether futures starting today. The Binance futures trading platform was launched a month ago, initially offering up to 20x leverage. With this new development, traders can select leverage positions from as low as 1x to as high as 125x. This new announcement comes as Binance enjoys a stream of positive development in the past few weeks. Nonetheless, Binance’s native coin, BNB, remains in the tight grip of the bears. Binance Users Can Now Hold Up To 12,500 USDT In BTC Following this announcement, users with collateral deposits of $100 USDT on Binance Futures can hold up to 12,500 USDT in bitcoin, with an option for traders with large positions to adjust to lower leverage. Binance now notably offers the highest leverage compared to rival platforms like derivatives giant BitMEX which offers 100x leverage. Speaking about this new development, Binance CEO Changpeng Zhao revealed that the futures platform has witnessed increased participation by institutional traders who are very interested in Binance futures. He then adds: “The market has been demanding a product with superior stability and performance; now we are providing one.”  Critics have long suggested that offering traders such high leverage expose them to high risks. However, Binance says that its futures contracts offers traders built-in hedging to help them manage risk in addition to an insurance fund that helps lower the chances of auto-deleverage.  Director of Binance Futures, Aaron Gong, noted: “The liquid and easy to use spot market, as well as the simple process to transfer capital between spot and futures provides traders with the most efficient manner to trade in both markets. We’ve seen continued improvement in our volume and market share, and we expect to see further gains in the coming months.” He further stated that Binance will be offering new features in Q4 to address community feedback and also other developments to improve user experience. Binance’s Positive Trend This announcement comes as Binance has been seeing a plethora of positive developments over the past few days. – Binance successfully completed its 9th quarterly token burn, burning over 2 million BNB to decrease the coin’s supply in circulation. With this token burn, Larry Cermak, the director of Research at The Block concluded that Binance has experienced its second-highest quarterly profit (approximately $186 million in Q3 and $1 billion cumulatively). Cermak also pointed out that in this recent 9th token burn, Binance burned more BNB than in Q2 and Q3 combined. – Binance announced a partnership with Amun AG, a firm that issues cryptocurrency Exchange-Traded Products (ETP) on October 15 to launch the first-ever BNB ETP on SIX Swiss Exchange, which is currently the tenth-largest crypto exchange. This ETP was listed as ABNB and would begin trading at an initial price of at least $20. The partnership opened the door for traditional investors to access diversified exposure of the crypto market and also for more innovative products. This announcement was followed by a 5% surge in the price of Binance’s native token, BNB. – Also on October 15, the Binance futures platform posted a historic volume of more than $700 million on its BTC/USD product. While this volume falls below that of BitMEX which saw a 1.9 billion volume on the same day, it is a huge achievement for the futures platform which was launched only a month ago. In fact, this volume made the product the third most traded, following closely behind BitMEX and Huobi exchange. In the wake of this announcement of 125x leverage, BNB has remained unmoved below the $20.00 key level. BNB is exchanging hands at $18.21 at press time after losing 2.13% of its value in the day, but the recent developments in the Binance ecosystem could increase the value of BNB in the long-term. The post Binance Raises Maximum Leverage On Bitcoin Futures To 125x appeared first on ZyCrypto.
ZyCrypto

Binance Futures Beginner’s Guide & Exchange Review: How to Trade

Binance recently launched a futures trading platform – Binance Futures – that allows traders to use leverage and to open both short and long positions. After our first look and test positions, we can say that the platform is very similar to that of Binance’s spot exchange, which makes the transition very easy. The user experience is just as smooth, and trading is relatively simple. Quick Navigation Why Trade on Binance Futures? What are Bitcoin Futures? Binance Futures: Start Here Leveraged Trading on Binance Futures How to Trade Bitcoin Futures on Binance Futures Opening a Short or Long Position Closing a Position What are Binance Futures’ Trading Fees? Security: Is Binance Futures Safe? Binance Futures Support   Binance Futures 9.1 UI/UX 9.9 Security 9.9 Fees 9.0 Coin Variety 7.0 Liquidity 9.8 Pros Binance-branded product High trading volume and liquidity Industry-Leading Security (SAFU insurance fund) Cons You can only trade the BTC/USDT pair Relies on the controversial Tether (USDT) stablecoin Join Binance {"@context":"http:\/\/schema.org\/","@type":"Product","name":"Binance Futures","image":"https:\/\/cryptopotato.com\/wp-content\/uploads\/2019\/10\/binance_futures_logo-min-100x100.png","description":"Binance recently launched a futures trading platform - Binance Futures - that allows traders to use leverage and to open both short and long positions. After our first look and test positions, we can say that the platform is very similar to that of Binance's spot exchange, which makes the transition very easy. The user...","offers":{"@type":"Offer","price":"200.04","priceCurrency":"Max Margin: x | Type: Perpetuals | Deposit Method: Crypto | Fees: % (taker) + funding fee","seller":{"@type":"Person","name":"George Georgiev"}},"review":{"@type":"Review","reviewRating":{"@type":"Rating","bestRating":"10","worstRating":"0","ratingValue":"9.12"},"name":"Binance Futures","reviewBody":"Binance recently launched a futures trading platform - Binance Futures - that allows traders to use leverage and to open both short and long positions. After our first look and test positions, we can say that the platform is very similar to that of Binance's spot exchange, which makes the transition very easy. The user experience is just as smooth, and trading is relatively simple.\r\n\r\nQuick Navigation\r\n\r\n \tWhy Trade on Binance Futures?\r\n \tWhat are Bitcoin Futures?\r\n \tBinance Futures: Start Here\r\n \tLeveraged Trading on Binance Futures\r\n \tHow to Trade Bitcoin Futures on Binance Futures\r\n \tOpening a Short or Long Position\r\n \tClosing a Position\r\n \tWhat are Binance Futures' Trading Fees?\r\n \tSecurity: Is Binance Futures Safe?\r\n \tBinance Futures Support\r\n\r\n \r\n\r\n\r\n\r\n \r\n\r\nAt the time of this writing, the daily volume of the Bitcoin futures platform is around 72,000 BTC, which is more than twice the volume of the spot BTC\/USDT trading pair on the primary Binance platform. This shows that the platform is growing relatively quickly, and it might be a matter of time until Binance leads the way in the area of Bitcoin leveraged trading.\r\n\r\n\"We do have plans to introduce more features and more trading pairs, but they are still under development,\" told us Aaron Gong, Head of Binance Futures. \"We will introduce a cross collateral feature in the future, as such tokens can be used instead of just Tether.\"\r\nWhy Trade on Binance Futures?\r\nThere are a few reasons why one might consider trading Bitcoin futures:\r\n\r\n \tShorting Bitcoin and other cryptos: Hedge your positions and improve your risk management to protect your crypto portfolio during bear markets\r\n \tOpening a leveraged position: trade without really owning the funds\r\n \tNo need to keep large amounts of BTC on the exchange because of the leverage\r\n\r\nBitcoin futures on Binance can be traded with up to 125x leverage. However, you should keep in mind that margin trading is not recommended for beginners since it involves a significant amount of risk, and you can lose your capital a lot quicker than you otherwise would. Hence, margin trading is usually not recommended for beginners, but rather for experienced traders with extensive knowledge on the matter.\r\n\r\nNow that we\u2019ve gone through some of the basics, let\u2019s dive deeper into Bitcoin futures on Binance and how to trade them.\r\nWhat Are Bitcoin Futures?\r\nBitcoin futures allow the trader to buy or sell Bitcoin at a predetermined price at some point in the future (\u201csettlement\u201d). The buyer of the contract is obligated to buy the asset when the contract expires, whereas the seller is obligated to provide it.\r\n\r\nBinance employs so-called perpetual contracts, which are a bit different from traditional futures contracts. These sorts of contracts don\u2019t have a preset expiry and settlement date. They are anchored to the spot index price, and the trader can terminate them whenever he or she wants to.\r\n\r\nIn other words, when purchasing or selling a perpetual contract, the trader is not obligated to sell or buy the asset at a preset date. Instead, they can close their position whenever they want to.\r\n\r\nBitcoin futures on Binance are traded against Tether (USDT).\r\nBinance Futures: Start Here\r\nFirst things first: you'll need to create a Binance account. The registration process is fairly straightforward, but it requires quite a bit of identity verification because of Binance\u2019s KYC requirements. You can learn how to register and deposit Bitcoin in our Binance trading guide.\r\n\r\nOnce your funds are deposited, you will have to transfer them to your futures trading wallet. On the top navigation menu, there is a \u201cFutures\u201d button. Click on it and select the \u201cFutures\u201d option.\r\n\r\nOn the bottom right, right under the order book, there is a \u201cTransfer\u201d button. To start trading Bitcoin futures, you\u2019ll have to transfer some USDT to your Futures account.\r\n\r\nDoing so is pretty straightforward. Once you click the button, you will be asked how much USDT you want to transfer and from which account. Simply specify the amount and hit the \"Confirm\" button. The transfer happens automatically.\r\nLeveraged Trading on Binance Futures\r\nBinance allows traders to place trades with a leverage of up to 125x. As a matter of fact, setting your leverage is fairly simplified.\u00a0\r\n\r\nOn the top left corner there is a button right next to the BTCUSDT symbol that can be clicked and it will pull up the following slider:\r\n\r\n\r\n\r\nFrom here, it\u2019s pretty straightforward. The slider can be used to set whatever leverage is preferred from 1x to 125x.\u00a0\r\n\r\nSo, for example, if you decide to use 100 USDT with leverage of 100x, this will open a position worth $10,000 and you\u2019d only have to post 100 USDT as a margin. \r\nHow to Trade Bitcoin Futures on Binance Futures\r\nTrading Bitcoin futures on Binance is simple. However, at the time of this writing, the platform only allows trading with up to 125x leverage.\r\n\r\nIn contrast, other margin exchanges allow leverage of up to 100x.\r\n\r\nThere are four types of orders that you can place on the platform:\r\n\r\n \tLimit Order\r\n \tMarket Order\r\n \tStop-Limit Order\r\n \tTake-Profit-Limit Order\r\n\r\nOpening a Short or Long Position\r\nLimit Orders\r\nLimit orders are used when you want to buy at a specific price.\r\n\r\n\r\n\r\nTo set a limit order, you\u2019ll have to specify the price at which you want to buy or sell. On the Order Quantity tab, input the amount of BTC that you wish to buy. In this case, we\u2019ve set a target price of $8,400 and a quantity of 1 BTC. So as soon as Bitcoin's price reaches $8,400, we will have an order to buy\/long. Note below that the margin required for this order is only 420 USDT, because we've used a 20x leverage.\r\n\r\nAs soon as you hit the \u201cBuy\/Long\u201d button, your position will be opened. Below, we will show you where to monitor it and how to close it.\r\nMarket Orders\r\nThe most basic order type, market orders are used to buy Bitcoin at a spot price.\r\n\r\n\r\n\r\nAll that has to be entered is the order quantity. Again, note that the margin required is 20 times less than the actual value of the order.\r\nStop-Limit Orders\r\nThese are typically used as a stop-loss mechanism, but not always.\r\n\r\n\r\n\r\nThe stop price is the price at which your order will become a regular limit order. The price tab indicates when you want to buy.\r\n\r\nImagine that you expect Bitcoin to face significant resistance at $8,600, and if it breaks above it, that will give confirmation that the trend is bullish. You would want to set your stop price at $8,600, because as soon as it\u2019s hit, your stop-limit order will be converted to a regular limit order to buy at $8,650. You can also use this as a stop-loss mechanism to reduce your level of risk.\r\nTake-Profit-Limit Orders\r\nAs the name suggests, this is mainly used to set the price at which you wish to collect your profits.\r\n\r\n\r\n\r\nYour trigger price establishes the price at which your order will be placed in the order book. The price tab shows the price at which you want to buy.\r\nClosing a position\r\nAs soon as your position is opened, you will be able to monitor its status. For the sake of this guide, we\u2019ve opened a long Bitcoin position using a standard market order, as shown in the example above. Here\u2019s where we can track it:\r\n\r\n\r\n\r\nAs you can see, we\u2019ve bought 0.1 BTC at an entry price of $8,273. In other words, we have opened a long position of 0.1 BTC. Since it is 20x leveraged, the required margin on this trade is only around 43 USDT.\r\n\r\nIf you wish to close your position, you have two options. A market close is instant, and you close at the best available spot price. In contrast, a limit close lets you specify the price at which you would like to close the position.\r\n\r\nAs you can see, the position tracker also contains a liquidation price. This is the price that, if reached, will see your position liquidated due to insufficient margin. Keep in mind that the entire amount in your futures wallet is used as collateral. Hence, if the price doesn\u2019t go in the direction of your trade, the platform will use your remaining capital as collateral.\r\n\r\nAs soon as you hit the \u201cMarket\u201d button, your position will be closed and you will see the funds return to your margin account.\r\nWhat are Binance Futures' Trading Fees?\r\nOne of the more crucial things to consider when selecting a futures exchange is its trading fees. This is especially important if you are day trading, as the fees can pile up fairly quickly.\r\n\r\nAs is almost always the case, Binance has done a great job of visualizing its fee structure.\r\n\r\n\r\n\r\nLong story short, the default level (VIP 0) carries 0.02% maker fees and 0.04% taker fees. In order to enjoy reduced fees, Binance requires you to both hold its native Binance Coin (BNB) and maintain a decent amount of turnover volume (in BTC).\r\n\r\nAll of the VIP benefits of the spot market exchange apply to the futures market. What is more, the fees are generally lower than those on the spot market. However, the volume requirements for each of the VIP tiers are 5 times larger than those on the spot market because of the leverage.\r\nSecurity of the Binance Futures Exchange\r\nNeedless to say, Binance is probably the most secure cryptocurrency exchange out there. Naturally, it\u2019s not immune to hackers, but the company is doing a splendid job of keeping users' funds protected.\r\n\r\nEven if the exchange were to get hacked, which it has in the past, Binance has introduced a so-called SAFU fund. Beginning last July 14th, the exchange has allocated 10% of all trading fees into its Secure Assets Fund for Users (SAFU) in order to offer additional protection to users in extreme cases. Those funds are stored in a separate cold wallet.\r\n\r\nMoreover, Binance has a very rigorous KYC process that applies to its futures exchange platform.\r\nBinance Futures' Support\r\nUnsurprisingly, the Binance Futures exchange shares the primary spot exchange's emphasis on support, and users can rely on a team of experienced and highly adequate international support staff.","author":{"@type":"Person","name":"George Georgiev"},"datePublished":"2019-10-18"}}   At the time of this writing, the daily volume of the Bitcoin futures platform is around 72,000 BTC, which is more than twice the volume of the spot BTC/USDT trading pair on the primary Binance platform. This shows that the platform is growing relatively quickly, and it might be a matter of time until Binance leads the way in the area of Bitcoin leveraged trading. “We do have plans to introduce more features and more trading pairs, but they are still under development,” told us Aaron Gong, Head of Binance Futures. “We will introduce a cross collateral feature in the future, as such tokens can be used instead of just Tether.” Why Trade on Binance Futures? There are a few reasons why one might consider trading Bitcoin futures: Shorting Bitcoin and other cryptos: Hedge your positions and improve your risk management to protect your crypto portfolio during bear markets Opening a leveraged position: trade without really owning the funds No need to keep large amounts of BTC on the exchange because of the leverage Bitcoin futures on Binance can be traded with up to 125x leverage. However, you should keep in mind that margin trading is not recommended for beginners since it involves a significant amount of risk, and you can lose your capital a lot quicker than you otherwise would. Hence, margin trading is usually not recommended for beginners, but rather for experienced traders with extensive knowledge on the matter. Now that we’ve gone through some of the basics, let’s dive deeper into Bitcoin futures on Binance and how to trade them. What Are Bitcoin Futures? Bitcoin futures allow the trader to buy or sell Bitcoin at a predetermined price at some point in the future (“settlement”). The buyer of the contract is obligated to buy the asset when the contract expires, whereas the seller is obligated to provide it. Binance employs so-called perpetual contracts, which are a bit different from traditional futures contracts. These sorts of contracts don’t have a preset expiry and settlement date. They are anchored to the spot index price, and the trader can terminate them whenever he or she wants to. In other words, when purchasing or selling a perpetual contract, the trader is not obligated to sell or buy the asset at a preset date. Instead, they can close their position whenever they want to. Bitcoin futures on Binance are traded against Tether (USDT). Binance Futures: Start Here First things first: you’ll need to create a Binance account. The registration process is fairly straightforward, but it requires quite a bit of identity verification because of Binance’s KYC requirements. You can learn how to register and deposit Bitcoin in our Binance trading guide. Once your funds are deposited, you will have to transfer them to your futures trading wallet. On the top navigation menu, there is a “Futures” button. Click on it and select the “Futures” option. On the bottom right, right under the order book, there is a “Transfer” button. To start trading Bitcoin futures, you’ll have to transfer some USDT to your Futures account. Doing so is pretty straightforward. Once you click the button, you will be asked how much USDT you want to transfer and from which account. Simply specify the amount and hit the “Confirm” button. The transfer happens automatically. Leveraged Trading on Binance Futures Binance allows traders to place trades with a leverage of up to 125x. As a matter of fact, setting your leverage is fairly simplified.  On the top left corner there is a button right next to the BTCUSDT symbol that can be clicked and it will pull up the following slider: From here, it’s pretty straightforward. The slider can be used to set whatever leverage is preferred from 1x to 125x.  So, for example, if you decide to use 100 USDT with leverage of 100x, this will open a position worth $10,000 and you’d only have to post 100 USDT as a margin. How to Trade Bitcoin Futures on Binance Futures Trading Bitcoin futures on Binance is simple. However, at the time of this writing, the platform only allows trading with up to 125x leverage. In contrast, other margin exchanges allow leverage of up to 100x. There are four types of orders that you can place on the platform: Limit Order Market Order Stop-Limit Order Take-Profit-Limit Order Opening a Short or Long Position Limit Orders Limit orders are used when you want to buy at a specific price. To set a limit order, you’ll have to specify the price at which you want to buy or sell. On the Order Quantity tab, input the amount of BTC that you wish to buy. In this case, we’ve set a target price of $8,400 and a quantity of 1 BTC. So as soon as Bitcoin’s price reaches $8,400, we will have an order to buy/long. Note below that the margin required for this order is only 420 USDT, because we’ve used a 20x leverage. As soon as you hit the “Buy/Long” button, your position will be opened. Below, we will show you where to monitor it and how to close it. Market Orders The most basic order type, market orders are used to buy Bitcoin at a spot price. All that has to be entered is the order quantity. Again, note that the margin required is 20 times less than the actual value of the order. Stop-Limit Orders These are typically used as a stop-loss mechanism, but not always. The stop price is the price at which your order will become a regular limit order. The price tab indicates when you want to buy. Imagine that you expect Bitcoin to face significant resistance at $8,600, and if it breaks above it, that will give confirmation that the trend is bullish. You would want to set your stop price at $8,600, because as soon as it’s hit, your stop-limit order will be converted to a regular limit order to buy at $8,650. You can also use this as a stop-loss mechanism to reduce your level of risk. Take-Profit-Limit Orders As the name suggests, this is mainly used to set the price at which you wish to collect your profits. Your trigger price establishes the price at which your order will be placed in the order book. The price tab shows the price at which you want to buy. Closing a position As soon as your position is opened, you will be able to monitor its status. For the sake of this guide, we’ve opened a long Bitcoin position using a standard market order, as shown in the example above. Here’s where we can track it: As you can see, we’ve bought 0.1 BTC at an entry price of $8,273. In other words, we have opened a long position of 0.1 BTC. Since it is 20x leveraged, the required margin on this trade is only around 43 USDT. If you wish to close your position, you have two options. A market close is instant, and you close at the best available spot price. In contrast, a limit close lets you specify the price at which you would like to close the position. As you can see, the position tracker also contains a liquidation price. This is the price that, if reached, will see your position liquidated due to insufficient margin. Keep in mind that the entire amount in your futures wallet is used as collateral. Hence, if the price doesn’t go in the direction of your trade, the platform will use your remaining capital as collateral. As soon as you hit the “Market” button, your position will be closed and you will see the funds return to your margin account. What are Binance Futures’ Trading Fees? One of the more crucial things to consider when selecting a futures exchange is its trading fees. This is especially important if you are day trading, as the fees can pile up fairly quickly. As is almost always the case, Binance has done a great job of visualizing its fee structure. Long story short, the default level (VIP 0) carries 0.02% maker fees and 0.04% taker fees. In order to enjoy reduced fees, Binance requires you to both hold its native Binance Coin (BNB) and maintain a decent amount of turnover volume (in BTC). All of the VIP benefits of the spot market exchange apply to the futures market. What is more, the fees are generally lower than those on the spot market. However, the volume requirements for each of the VIP tiers are 5 times larger than those on the spot market because of the leverage. Security of the Binance Futures Exchange Needless to say, Binance is probably the most secure cryptocurrency exchange out there. Naturally, it’s not immune to hackers, but the company is doing a splendid job of keeping users’ funds protected. Even if the exchange were to get hacked, which it has in the past, Binance has introduced a so-called SAFU fund. Beginning last July 14th, the exchange has allocated 10% of all trading fees into its Secure Assets Fund for Users (SAFU) in order to offer additional protection to users in extreme cases. Those funds are stored in a separate cold wallet. Moreover, Binance has a very rigorous KYC process that applies to its futures exchange platform. Binance Futures’ Support Unsurprisingly, the Binance Futures exchange shares the primary spot exchange’s emphasis on support, and users can rely on a team of experienced and highly adequate international support staff. The post Binance Futures Beginner’s Guide & Exchange Review: How to Trade appeared first on CryptoPotato.
CryptoPotato

CME Bitcoin Futures Sees Institutional Interest and Demand from Asia

Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest. Moreover, despite the lackluster start, the Intercontinental Exchange’s (ICE) Bakkt platform has seen an increase in interest with the company’s physically-settled bitcoin futures product. Also read: Honestnode Founder Discusses the First Stablecoin Built on Bitcoin Cash CME Group’s Bitcoin Futures Continue to Prosper Since going live with its bitcoin futures in December 2017, CME Group’s BTC derivatives has allowed individuals and organizations the ability to hedge exposure to the digital currency. Throughout 2018 and 2019, CME has seen a significant rise in open interest in its bitcoin futures. This summer CME saw unprecedented numbers compared to the volumes recorded a few months prior. “CME Bitcoin futures reached a record $1.7B in notional value traded on June 26, surpassing the previous record by more than 30% — The surge in volume also set a new open interest record of 6,069 contracts as institutional interest continues to build,” CME Group stated. The Chicago-based exchange detailed on October 11 that open contracts during the third quarter grew significantly in comparison to Q3 2018. The number of outstanding positions almost doubled and the company explained that the rise stems from institutions. “Institutional interest in CME Bitcoin futures (BTC) continued to build in Q3 with a record number of large open interest holders (25+ BTC),” the trading platform imparted last week. The news follows CME’s announcement that due to “growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure” the exchange would begin offering options on Bitcoin futures (BTC) in early 2020. The day before it’s third-quarter update, CME Group’s global head of equity index and alternative investment products, Tim McCourt, explained there is a huge interest in bitcoin futures in Asia. For instance, cryptocurrency miners based in Asia appreciate derivatives products because they can hedge their costs. Even though the company is preparing for BTC options, McCourt disclosed that CME is not planning to provide physically-settled products like Bakkt. In an interview, McCourt stated: While futures give you a one-for-one exposure, whereby the movement of the underlying bitcoin translates directly to a specific dollar value per contract, an option gives you varying strike-price levels and can give you either downside protection, or upside exposure at a fraction of the underlying [assets’] price. Bakkt’s Bitcoin Futures Volume Spikes and Ethereum and Bitcoin Cash Derivative Products Are Coming Soon When Bakkt launched its physically-settled bitcoin futures the first week was quite dismal and only started to pick up steam after it executed its first block trade between Galaxy Digital and XBTO. Despite the weak start, Bakkt’s BTC trading volumes rose sharply on October 10, from 25 contracts to 224 contracts seeing a 796% rise. The Bakkt Volume Bot shows that futures volumes touched 53 on October 15 and went up 49% with 79 contracts the day after. Bakkt CEO Kelly Loeffler believes the future of these derivatives products is just getting started and recently wrote about the subject in a blog post called “The Dawn of an Asset Class.” “Seamless coordination between ICE Futures U.S., ICE Clear US, and the Bakkt Warehouse is an important feature of Bakkt’s Bitcoin Futures,” Loeffler wrote for FIA’s global futures magazine. “Much like cotton and coffee futures contracts that can go to physical delivery, many of the same processes apply to the Bakkt Bitcoin Futures,” Loeffler added: The Bakkt Warehouse stands between the customer and the clearing member to securely manage bitcoin movements based on deep domain knowledge, along with significant investments in infrastructure and operations. This design allows clearing members to manage margin balances in USD or U.S. Treasuries, rather than bitcoin. Intercontinental Exchange chairman and CEO, Jeff Sprecher (right), with his wife and Bakkt CEO Kelly Loeffler (left). The market has shown demand for futures products tied to BTC, but there’s a strong desire for other cryptocurrency derivatives products as well. At Yahoo Finance’s All Markets Summit in New York City on October 10, Heath Tarbert told the press that he believes Ethereum-based futures will be coming. “It is my view as Chairman of the CFTC that Ether is a commodity, and therefore it will be regulated under the CEA. And my guess is that you will see in the near future Ether-related futures contracts and other derivatives potentially traded.” Further, David Shin, the head of the exchange business at Bitcoin.com recently revealed that the public could see a bitcoin cash (BCH) futures products in Q1 2020. What do you think about the rising interest in Bitcoin and other cryptocurrency products? Let us know what you think about this subject in the comments section below. Image credits: Shutterstock, Pixabay, CME Group, Bakkt Volume Bot, Twitter, and Bakkt. Do you want to keep an eye on moving cryptocurrency prices? Visit our Bitcoin Markets tool to get real-time price updates, and head over to our Blockchain Explorer tool to view all previous BCH and BTC transactions. The post CME Bitcoin Futures Sees Institutional Interest and Demand from Asia appeared first on Bitcoin News.
Bitcoin News
More news sources

Futures news by Finrazor

HIGHLIGHT

The Market Responds Nonchalant to CBOE BTC ETF Pull Out

Yesterday, 23 January, the US Securities and Exchange Commission released a two-page document revealing the temporary withdrawal of the proposed rule change by the Chicago Board Options Exchange (CBOE) BZX Exchange Inc. This proposed rule change was said to lay the groundwork for the long-anticipated VanEck/SolidX BTC ETF

Read more
ESSENTIAL

Today’s cryptocurrency market is young and volatile. Cryptocurrencies have no backing, as such their value is not attached to a physical asset in fact. Their prices are, by and large, speculative meaning they are highly dependable on news and people talking about them. In an effort to bring stability to the market, CBOE and CME, world’s largest derivatives exchanges, decided to introduce Bitcoin futures.

Read more

Trending

Hot news

Hot world news

$100K Bitcoin Price Valuation | Stock To Flow Model? Electroneum ETN | Tron TRX Poloniex

Less than 3 million $BTC left to be mined. Bitcoin halving in 208 days. https://twitter.com/Altcoinbuzzio/status/1185356950688550912 When can you expect a 100k BTC - Real Vision Interview with Plan₿ https://twitter.com/realvision/status/1185245355061010437 https://www.newsbtc.com/2019/07/14/refreshed-model-bitcoin-btc-to-see-100000-after-2020s-halving Response to Above Model https://twitter.com/Super_Crypto/status/1185335547805556741 Bitcoin Halving to Push Market Cap Into the Trillions? https://beincrypto.com/dramatic-bitcoin-halving-to-push-market-cap-into-the-trillions Bitcoin as a Savings Technology https://bitcoinmagazine.com/articles/bitcoin-as-a-savings-technology-are-interest-accounts-worth-the-trade-offs Poloniex finds new backing led by Tron’s Justin Sun https://eng.ambcrypto.com/poloniex-splits-from-circle-finds-new-backing-led-by-trons-justin Electroneum ETN is Testing BETA App for AnyTasks Platform https://www.altcoinbuzz.io/crypto-news/product-release/electroneum-is-testing-beta-app-for-anytasks-platform Sign up for Altcoin Buzz FREE Newsletter: http://eepurl.com/dnIEz1 CRYPTO.COM MCO $50 REWARD https://platinum.crypto.com/r/k7tsgv2xc0 Sign up for eToro https://tinyurl.com/yxwa8vbt ----------------------------------------------------------------------------------- Visit our website: https://altcoinbuzz.io Connect with us on Social Media: Twitter: https://twitter.com/Altcoinbuzzio Facebook: https://www.facebook.com/altcoinbuzzio/ Telegram: https://t.me/joinchat/DLi8Ug8negQrbwYO-oqNRA ---------------------------------------------------------------------------------- Looking for the best cryptocurrency wallets? Check these out: BitLox: https://bit.ly/2rWQnHa CoolWallet S: https://bit.ly/2Liy5bv Trezor: https://bit.ly/2IXrZic Ledger Nano S: https://bit.ly/2IyE3al KeepKey: https://bit.ly/2x5TlhM Read about them here: https://bit.ly/2rTdthZ -------------------------------------------------------------------------------- #bitcoin #cryptocurrency #altcoin #altcoins #crypto #BTC #ETH $BTC #bitcoinprice #ethereum #electroneum #cardano #enjin #crypto.com #hpb #digibyte #bitcoinnews #btcnews #libra #chainlink #ripple #xrp #xrpripple #binance #bitcoinnewstoday #cryptonews #litecoin #cryptocurrencynews #news NOTE The information discussed on the Altcoin Buzz YouTube or other social media channels is not financial advice. This information is for educational, informational and entertainment purposes only. Any information and advice or investment strategies are thoughts and opinions only, relevant to accepted levels of risk tolerance of the narrator and their risk tolerance maybe different than yours. We are not responsible for your losses. Bitcoin and other cryptocurrencies are high-risk investments so please do your due diligence and consult the financial advisor before acting on any information provided. Copyright Altcoin Buzz Pte Ltd. All rights reserved.
Altcoin Buzz

Startup Kava Ready To Raise $3 Million Through IEO On Binance

A few days ago, the Binance cryptocurrency exchange announced the Kava (KAVA) token sale on the Binance Launchpad. This is one of the many projects that conducted an […] The post Startup Kava Ready To Raise $3 Million Through IEO On Binance appeared first on UseTheBitcoin.
Use The Bitcoin

Tron [TRX] Up 5% Amid Rumours of Justin Sun Investing in Poloniex

Tron (TRX) has grown 5% in the last 24-hours following rumours of Tron CEO Justin Sun investing in Poloniex’s new digital firm.  Justin Sun May Invest in Poloniex On Friday, cryptocurrency exchange Poloniex announced in a blog post that it was spinning out of Circle and forming another company – Polo digital assets with new backers and a global focus. Among Poloniex developmental plans is focusing on global traders and spending $100M on expanding and developing the platform. Also, US customers will no longer be able to use Poloniex from the next month. According to rumours, one of the new backers of Poloniex is Justin Sun. The unconfirmed news comes from several Circle employees who refuse to be named. According to sources, Justin Sun is leading the Asian investment consortium backing Poloniex’s new company and he visited Circle’s Boston headquarters regarding the same yesterday and today. Justin Sun has not yet confirmed if the rumours are actually true. TRX Up 5% Amid Rumours TRX has grown 5% in a sluggish market in the last 24-hours, and this upward movement seems to have come as a reaction to the news of Sun’s plans of investment. Source: CoinMarketCap Tron began the week at $0.0161. It reached a weekly high of $0.168 on Tuesday, but it could sustain the upward movement for long, and it closed at $0.0157. On Wednesday, it tumbled further and hit $0.0148 before bouncing to $0.152. On Thursday, it plunged to the weekly low of $0.0146, but embarked on an upward movement again, closing at $0.0154. Yesterday, plummeted to a low of $0.0147, but began an upward journey again to reach $0.0155. Today, it rose to $0.0157 to mark a nearly 5% gain in a 24-hour period. At press time, it is trading at $0.0155. Other Developments at Tron Today, Tron announced the details of its association with Huobi Global. Justin Sun tweeted that users would now be able to deposit TRC20-USDT on Huobi with upto 30% Annualized Percentage Rate (APR) interest as a reward. Source: Twitter Today, as an update on its partnership with the sports betting platform, Sportsbet.io, Tron announced that users would be able to use their TRX to bet on the platform from October 20. The post Tron [TRX] Up 5% Amid Rumours of Justin Sun Investing in Poloniex appeared first on Coingape.
CoinGape
By continuing to browse, you agree to the use of cookies. Read Privacy Policy to know more or withdraw your consent.