The volume of trade Bitcoin futures at CBOE reached a record value in five months

On the night of December 11 last year on the Chicago Board exchange CBOE began trading futures on Bitcoin. Contrary to expectations of experts, the price of the first cryptocurrency that day rose 22 percent. Then traders bought 2 thousand contracts. Five months later, trading volume in futures on the coin has set a historical record — for the day on the two largest sites were purchased 30 thousand contracts. This writes Coindesk.

The trading volume of futures increases. How to react to Bitcoin

On the stock exchange CBOE investors during the day, bought 19 thousand contracts. It is 3.5 thousand more record set on January 17. Just traded 18,2 thousand contracts in may, 703 in June and 87 in July.

The peak on Wednesday. On other days this week, trading volumes were much lower and reached a maximum of 6.65 thousands of contracts.

A similar situation was observed at the exchange CME. For day traders bought 11 thousand contracts on the futures. That’s twice what it sold on Tuesday, April 24.

CME analyst Kevin Davitt in conversation with the newspaper said he did not know what the reason for sales growth. Perhaps the catalyst was the arrival on the market of big players, he added.

We will monitor this anomaly and try to figure out the cause. Perhaps the increase is associated with the arrival of large institutional investors. However, the situation is definitely not tied to the sale of futures first release.

It seems that the predictions Bitcoin optimists who predicted the growth rate of the coins and the market in General, true. For large investors futures — the most interesting asset, and the volume of trading on them it is possible to judge about the prospects of digital money.

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