How Institutional Players Like CME, CBOE and Bakkt Influence the Bitcoin Price

The introduction of institutional heavyweights like CME, CBOE and Bakkt to the bitcoin space was heralded by many as the key to solidifying bitcoin’s mainstream acceptance, and driving prices to a stabilized moon. While this hasn’t played out exactly as some predicted, it is still early in the game, and bitcoin futures markets do arguably exert an influence on spot price. The quality and degree of said influence is debatable, but in this article we’ll look at a few ways the still young BTC derivative markets can potentially push and pull on the charts.

Also read: Liquid Gold vs Digital Gold: Why Bitcoin Beats Oil in the Current Climate

The First Regulated Bitcoin Futures and Corresponding Market Climate

At the end of 2017, both the Chicago Board Options Exchange (CBOE) and Chicago Mercantile Exchange (CME), introduced trading in bitcoin futures. This afforded many previously hesitant segments of the world market safer exposure to an asset deemed…