The Chicago Mercantile exchange (CME Group) announced on Twitter the results of trading bitcoin futures on this site in the 3rd quarter of 2018. According to the report, the average daily volume for the period increased by 41%. The amount of open commitments increased by 19% compared to the previous quarter and reached 2803 contracts.
In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets. https://t.co/Yt41SzsHku pic.twitter.com/Kw4OX0QaKT
— CMEGroup (@CMEGroup) October 17, 2018
In General, compared with previous quarters, growth dynamics slowed down. Recall in the second quarter of this year, the average daily trading volume of bitcoin futures on CME increased by 93%, and the number of open commitments exceeded the 2,400 contract, that is 58% more compared to the first quarter.
Earlier, Japanese economist Yukio Noguchi (Noguchi Yukio) expressed the view that the fall of the cryptocurrency market in early 2018 and the change of bullish trend to bearish led the launch of bitcoin futures platforms the CBOE and CME in December 2017. However, Managing Director and global head of equity products and alternative investments, CME Group Tim McCourt (Tim McCourt) thinks that we should not blame the situation on the stock market bitcoin futures.