The volume of bitcoin futures grew by 93% in the second quarter

The volume of bitcoin futures grew by 93% in the second quarter

Average daily volume (ADV) for bitcoin futures on the Chicago Mercantile exchange (CME) increased by 93 percent in the second quarter compared to the first quarter of 2018.

The CME also reports that the rate of open interest (OI) or the number of open contracts on bitcoin futures exceeded 2400, and an increase of 58% compared to the first quarter.

One of the largest world exchanges, CME Group began trading futures contracts on the bitcoin December 17, after the launch of the BTC futures exchange Chicago Options Options (CBOE) the largest options exchange in the United States, 10 Dec.

In may, the Federal reserve Bank of San Francisco published a special letter, which stated that the decline in the price of bitcoin after a record high of US $ 20,000, which was recorded in December, was the result of the introduction of bitcoin futures. At the Federal reserve Bank said that “the rapid growth and subsequent fall of prices” after the launch of futures BTC “is not a coincidence.”

Earlier this month, the largest ETF Fund in the world, BlackRock has announced the creation of a working group to consider the question of whether the company to invest in bitcoin futures.

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