RATE Group | This crucial bitcoin group is an unexpected source of rising futures trading volume
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This crucial bitcoin group is an unexpected source of rising futures trading volume

02 May This crucial bitcoin group is an unexpected source of rising futures trading volume

Posted at 14:08h in Bitcoin News by

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When the Cboe Global Markets Inc., and the CME Grop Inc., separately launched bitcoin futures within weeks of each other in December, advocates of digital currencies had hoped it would lead to a surge in interest.

However, early volumes were light, as investors, especially among big institutions, hedge funds and money managers, were turned off by the extreme volatility, market participants said.

Now, five months removed and volumes have begun to tick higher.

On March 26, the Cboe recorded its largest daily volume with May contracts nearing 19,000, eclipsing the 15,500 contracts traded on Jan. 17 when…

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