U.K. Exchange Crypto Facilities Launches Bitcoin Cash Futures

Bitcoin cash, the fourth-largest cryptocurrency, took another step into the big leagues on Friday when a European derivatives trading platform launched the first regulated, USD-denominated bitcoin cash futures. This product, which began trading on the U.K.-based Crypto Facilities on Friday at 4 p.m. local time, allows investors to bet on the future price movements of

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CME Won’t Be Listing New Cryptocurrency Futures Anytime Soon: CEO

CME Group, the second regulated U.S. derivatives market to list bitcoin futures and by far the largest trading venue for these products, will not be listing any new cryptocurrency futures anytime soon, the firm’s chief executive said on Thursday. Speaking with Bloomberg Television, CME Group CEO Terry Duffy said that the reputation of his firm

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Wall Street Traded $572 Million in Bitcoin Futures During Tuesday’s Bull Run

The bitcoin price is rallying, and this time, it looks like Wall Street has shown up to the party. On Tuesday, bitcoin brief briefly broached the $8,500 threshold on Bitfinex for the first time since mid-May, and while it has since pulled back several hundred dollars from that two-month high, it has nevertheless risen 10

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Institutional Investors Swap Bitcoin Futures for Physical BTC in Wall Street First

Bitcoin took a significant step toward becoming a mainstream financial instrument this week, as two institutional investors completed the first-ever exchange for physical (EFP) transaction involving bitcoin futures. The CME EFP Bitcoin transaction, facilitated by E D & F Man Capital Markets, a registered futures commission merchant, and itBit, an institutional-grade cryptocurrency exchange, saw two

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CME Bitcoin Futures Daily Volume Spikes 93% in Q2 2018

CME Group’s bitcoin futures average daily volume spiked 93% in the second quarter over the previous quarter, while open interest posted a 58% increase, the company noted on Twitter. Average daily volume jumped from 1,854 in the first quarter to 3,577 in the second quarter, while open interest rose from 1,523 to 2,405 in the

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Economist Claims Bitcoin Futures Killed the Strong Rally in Early 2018

The FED and prominent economists believe that the bitcoin futures market ultimately led the cryptocurrency market to crash and record the third worst correction in its history. Real Impact of Bitcoin Futures Yukio Noguchi, a Japanese economist, claimed in a recent column that the abrupt change in trend from a bull market to a strong

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SEC Statement on Ether ‘Clears Stumbling Block’ for Ethereum Futures: CBOE President

A top executive at the first US exchange to list bitcoin futures contracts said that the Securities and Exchange Commission’s statement that ether will not be regulated as a security will help pave the way for exchanges to list ethereum futures. CBOE Global Markets President Chris Concannon made this comment in a statement quoted by

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CFTC Demands Trading Data From Bitcoin Exchanges In Price Manipulation Probe

The US Commodity Futures Trading Commission (CFTC) has told certain bitcoin exchanges to provide extensive trading data to determine whether or not manipulation has distorted cryptocurrency markets, unnamed sources told The Wall Street Journal. Regulators opened the investigation after CME Group Inc. introduced bitcoin futures in December, according to the sources. The futures’ final values are

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Ethereum Futures Watch: CME Group Says It’s Gauging Client Interest

Chicago-based derivatives exchange CME Group said that it plans to gauge client interest for an ethereum futures product now that it has launched a price index and benchmark for ether, the world’s second-largest cryptocurrency. Speaking with Bloomberg on the sidelines of an industry conference in New York, Tim McCourt, CME’s head of equity products, said

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Bitcoin Price Decline Driven by Q4 Futures Launch, Fed Researchers Claim

Bitcoin’s winter price peak and subsequent decline coincided with the introduction of bitcoin futures trading on the Chicago Mercantile Exchange. A team of researchers doesn’t think it was a coincidence. Galina Hale, Arvind Krishnamurthy, Marianna Kudlyak and Patrick Shultz — economic researchers writing for the Federal Reserve Bank of San Francisco — claim in a

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