RATE Group | Bitcoin Futures Impact Remains Minimal Despite Rising Volume
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Bitcoin Futures Impact Remains Minimal Despite Rising Volume

29 Apr Bitcoin Futures Impact Remains Minimal Despite Rising Volume

Posted at 20:07h in Bitcoin News by

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Bitcoin futures have been an intriguing addition to the cryptocurrency ecosystem. So far, they failed to make much of an impact. Although the overall volume seems to be going up, the Bitcoin price can do fine just without these financial vehicles. This begs the question as to whether or not Bitcoin futures even matter when looking at the bigger picture.

Bitcoin Futures are a Niche Market

When the Bitcoin futures were announced, a lot of Bitcoin users were excited. Exposing institutional investors to Bitcoin’s price swings sounds very powerful. More money flowing into Bitcoin should have a positive price effect in the long run. That is what most people have hoped for, but so far, the impact is very minimal.

One positive aspect is how the Bitcoin futures volume is rising. Both CME and CBOE have seen an influx of interest in these vehicles. More volume results in more liquidity, which shows institutional investors want to be exposed to Bitcoin. Slowly but surely, the volume for both Article Source

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