- CME, the opening of Bitcoin trading options, has caused a chain reaction, which in turn has contributed to the huge growth of the Bitcoin trading volume.
- The CME platform based in Chicago opened Bitcoin trading options on its platform on Monday.
- The first Bitcoin transaction on the CME platform was opened with a low volume compared to Deribit and OKEx.
CME is the largest trading platform, the opening of Bitcoin Trading options have caused a chain reaction, which in turn has contributed to the huge growth in Bitcoin trading volume and according to market volume, analysts and market viewers. This has led to a spontaneous and rapid increase in trade volume and the price per transaction.
On January 14, the total amount of Bitcoin was $ 22 billion, with a market capitalization of $ 147 billion and the transaction started at $ 8,135, but after the announcement of the opening of trading on CME on the same day, both the market and the volume increased explosively to almost 25% respectively. On the 15th market capitalization amounted to $ 159 billion and the total amount was $ 39 billion.
The CME platform based in Chicago opened Bitcoin trading options on its platform on Monday. This has contributed to the already existing Bitcoin growth spoof.
However, the first Bitcoin transaction on the CME platform was opened with a low volume compared to Deribit and OKEx, which was opened relatively with a much larger trade volume.
As the epicenter of trade, the Chicago Mercantile Exchange attracted a lot of attention when it opened doors to the cryptocurrency when it was previously traded with regulated shares and assets.
Chicago Mercantile Exchange (CME) is one of the oldest trading platforms, it started in the year 1898 under the name Chicago Butter and Egg Board, which focused primarily on agricultural trade as a non-profit organization, soon after it started with regulated assets .
Now it stands as one of the largest trading platforms and also offers financial advice and the necessary tools. The recent tweet from Deribit exchange handlers about Bitcoin's trading volume represents an additional advantage over CME Bitcoin options due to the lower trading volume.
However, this note was quickly discussed by expert analysts and financial heads that the CME trading volume will soon reach newer heights and pave for a new mark, but for now Deribit exchange has the upper hand.
The news about the trade in Bitcoin options has created a spiral for his enthusiasts and received a positive response to the future of Bitcoin.
This is supported by the recent breakthrough of more than $ 8,000 at the start of the year, although Bitcoin hovers below $ 8,900 this year, much needed exponential growth will soon speculate on senior analysts and enthusiasts.
The brand new volume growth on the OKEx trading platform shows that Asian investors and market viewers are very interested in cryptocurrency and their activity on the Bitcoin market could be the main reason why Bitcoin cryptomarket.
The added trend of upward momentum on Bitcoin should not be considered as the end result; The obstacles of volatility and irregular moving patterns require a great deal of consideration.
The current Bullish trend should not be considered as the last element. Bitcoin, however, planned to maintain the Bullish trend for some time.