2019 saw significant bitcoin derivatives action from firms like CME Group and Bakkt. This year, demand for CME’s bitcoin futures remains strong and the firm’s options products may be available this week. Additionally, Bakkt’s physically-delivered bitcoin futures have consistently seen growth in daily volumes and open interest in 2020. Despite the growth, institutional futures have a long way to go to catch up to the trade volumes retail bitcoin derivatives platforms have seen.
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Regulated Bitcoin Futures Products See Increased Demand Into 2020
The global markets company Chicago Mercantile Exchange (CME) has been providing cash-settled bitcoin futures contracts now for more than two years. A number of people believe mainstream and institutional investors became aware of cryptocurrency markets in 2017, because curiosity was largely driven by bitcoin futures products launched by CME and the Chicago Board Options Exchange (CBOE). Since then, CBOE…