When did Bitcoin futures trading begin?
Bitcoin futures were first launched by the Chicago Options Exchange on December 10, 2017, and a week later, the Chicago Commodity Exchange opened the futures market. The Chicago Options Exchange futures market was based on Gemini’s final price as of 8 p.m. International time, XBT’s market value, such as 1 bitcoin’s, and the Chicago Commodity Exchange’s futures contract was based on Bitcoin’s daily benchmark interest rate, the same as the average price of 5 bitcoin.
Regarding the decision to allow futures trading on Bitcoin, there have been crypto investors who say these products will eventually ruin the existing cryptocurrency market. However, the majority of investors were rather convinced that the futures market would reduce price volatility, thereby stabilizing the market, resulting in a variety of options. Since the launch of the two futures markets, both futures trading markets have gained popularity, while Bitcoin’s price has plunged by two-thirds in early 2018 as the volume of transactions has increased, while Bitcoin’s volatility has decreased.
As a result, investors had to wonder about the impact of the futures market on the market.
Therefore, in order to understand the intentions of investors in futures markets, it was necessary to compare the volume of cryptocurrency exchanges trading Bitcoin with the volume of futures trading, and then compare their trading trends and price changes before the futures deadline.
In addition, we need to examine and analyze the relevance of price volatility before and after the futures deadline.
Let’s start next time to see if it’s true that Bitcoin’s price falls before the expiration date of the gift and then recovers.
