TradeBlock researchers came to the conclusion that the investors ‘ interest in bitcoin futures on us exchanges the CME and Cboe gradually fades.
We published a new report analyzing #bitcoin futures trading activity bitcoin vs spot trading activity over the past year: https://t.co/3udwo6wQie pic.twitter.com/uMBDffnsnx
— TradeBlock (@TradeBlock) 7 fierce 2019 R.
Regulated futures contracts were launched almost overnight in December 2017, when the price of the underlying asset was at peak levels. Despite a gradual decline in activity on the spot cryptomeria, trading volume bitcoin futures some time growing up.
In August 2018, the aggregate volume of trading of bitcoin futures almost reached parity with the turnover of five major spot kryptomere. However, after that turnover on CME and Cboe began to decline down to a level of 2017.
The graph below noticeable as the Cboe is gradually losing market share, trailing the Chicago Mercantile exchange (CME):
The following graph shows changes in the volume of trading on five popular spot cryptomeria — Coinbase, ItBit, Kraken, Bitstamp and Gemini:
As the fall in the price of bitcoin has decreased and the volume of trading on these trading venues. For the period from January to October of 2018 the turnover of the exchanges fell by about 85%. Then some recovery of activity occurred in November and December last year.
This chart is quite closely correlated with the dynamics on request “bitcoin” in the USA:
However, it is interesting that the popularity of bitcoin futures increased in the period between December 2017 and August 2018:
Light blue color designated stock exchange Cboe, blue — CME, the dotted line shows the price of bitcoin
After August last year, the futures trading volume has been steadily falling, with the exception of a Nov. And last December, the turnover on the CME and CBOE have dropped to the lowest marks since the launch of futures on bitcoin.
The following graph shows that in the middle of last year the volume of trading bitcoin derivatives almost reached parity with the five spot cryptobinary:
According to analysts, it will be interesting to observe the dynamics of the volume of trading of bitcoin futures, when they appear on new platforms — Bakkt, ErisX, and CoinFLEX. Note that these sites will be presented deliverable contracts involving the trading of physical asset, not just speculation on his price.
We will remind, recently ForkLog published educational material on how to predict the price of bitcoin futures reports.