Bitcoin Tuesday, when it reached $ 8500 on the Bitfinex exchange, was supported in particular by Asian markets. But CME and CBOE stock exchanges in the US report record futures volumes traded by Wall Street investors.
EToro analyst Mati Greenspan made a valuation of the transaction wave that pushed Bitcoin over the $ 8000 threshold. He concluded that the largest volumes were recorded in the markets of Japan and South Korea:
"According to the volumes reported by the exchanges, it is clear that the impetus was given by the markets of East Asia. The US dollar has also grown in volume, but the Americans have only participated in the maximum trading time, less before or after that "
Greenspan said.
However, CME and CBOE, the only platforms authorized to trade Bitcoin Futures contracts in Sua, reported a major interest from Wall Street investors.
CMEGroup reported on Twitter that on July 24 recorded record volumes on Bitcoin futures contracts. They reached a total face value of $ 530 million (equivalent to 64,390 BTC).
CBOE recorded transaction volumes of 71,528 BTC, or about $ 572.2 million.
So on Wall Street
Transactions do not seem significant if we take into account that Bitcoin's total transaction volume on Tuesday exceeded $ 7 billion. But it is clear that institutional investors do not want to miss the opportunity offered by the impact of crypto markets.
Moreover, the BitMEX platform in Hong Kong reported recording a record of 1 million XBT contracts traded Tuesday. Their value is over 8 billion dollars over a 24-hour period. The vast majority - over 7 billion dollars - was concentrated on the XBT / USD markets.
This increase in futures volumes is an encouraging signal for Wall Street's involvement in the cryptocurrencies market.