Sunday , August 1 2021

The volume of futures contracts for bitcoin on CME and Cboe dropped to values ​​in December 2017



TradeBlock researchers found that the investor's interest in futures contracts for bitcoin on stock exchanges in the US CME and Cboe gradually fades.

The fixed futures contracts started almost overnight – December 2017 when the fixed asset price was at the highest level. Despite the gradual decline in spot cryptographic activity, the volume of trading with the bitcoin futures contract has been increasing for some time.

In August 2018, the cumulative volume of bitcomin trading almost reached a parity with the turnover of five big points. After that, traffic to CME and Cboe decreased until March 2017.

The chart below shows how Cboe gradually loses its market share and submits to the Chicago Mercantile Exchange (CME):

The following table shows the trading dynamics of five popular point cryptorodes – Coinbase, ItBit, Kraken, Bitstamp and Gemini:

With the fall of Bitcoin, the volume of trading on these trading markets also decreased. In the period from January to October 2018, stock exchanges fell by around 85%. Then, in November and December last year, some revitalization of activities arose.

This graph is closely linked to the dynamics of the bitcoin requirement in the US:

Google Trends

Interestingly, however, between December 2017 and August 2018, the popularity of bitcoin futures contracts increased:

Light blue indicates the exchange of Cboe, CME is blue, the dotted line indicates the price of Bitcoin

After August of last year, the volume of trading with the futures contract has been steadily decreasing, with the exception only in November. Last December, traffic to the CME and CBOE fell to the lowest level since the introduction of Bitcoin futures.

The following chart shows that in the middle of last year the volume of trading with executed values ​​of bitcoins almost reached parity with five point crypto accounts:

Analysts believe it will be interesting to observe the dynamics of trading with Bitcoin terminals when they appear on new platforms – Bakkt, ErisX and CoinFLEX. Keep in mind that these pages will show delivery contracts that include the sale of physical assets, and not just speculation about its price.

Let's recall a recent ForkLog published training materials on how to predict the price of bitcoin on futures reports.

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