Trading of Bitcoin Futures, this week will be run by two additional players, in a slow but honorable start in Sibai: TD Ameritrade and CME.
TD Ameritrade story is important because it manages the online futures operation of the online brokerage firm. The firm just announced it would start allowing Bitcoin futures trading on its futures platform on Monday. This means more retail participation and more liquidity
Second, the CME entrance is important because it operates bigger futures business than SBI. The CME is preparing to launch its own Bitcoin Futures on Sunday. Expect the high volume and trading of a high dollar value.
The start of commercially launched futures this week in Sibi is widely appreciated as a turning point for Bitcoin, it offers a little more respect, but more importantly, some parts of the market (futures) and some controls to increase transparency.
The CBO Futures Agreement has been a successful success. Unrest in the Bitcoin Cash Market was not much earlier than this week, and more than 1.5 percent more than 1.5 percent of the futures and cash deal spread out compared to the previous week.
The bad news here: Cboe contract volume is too small. On average, nearly $ 60 million angled standard did business each day.
In the last 24 hours, only half a million Bitcoin hands have changed hands. Bitcoin is around $ 17,000, that is about $ 8.5 billion.
Take it? $ 60 million vs. $ 8.5 billion
Why Bitcoin interest is so small?
One of the market managers of the CBE agreement, DRW advisor, is a common case for Bobby Chow, a businessman in Cumberland Mining: "Bitcoin's biggest businessman is a retailer who does not live in the US" He also mentions that the non-US The biggest bitcoin in the world is not mining, but to make financial institutions They are not made. They were built in Bitcoin mines.
There is an additional problem enough enough. If you are a natural header - if you're the owner of Bitcoin, and you want some hedges - you need functionality. You will be able to find and easily find in your location.
Those conditions are not actually the case. Most large brokerage houses do not allow their customers to trade or if they are (too in Goldman Sachs) it is very restricted. Apart from interactive brokers, distribution brokerage houses are not allowed to trade and interactive brokerage margins are also much higher (50 percent)
This may start with a change in the higher dollar value of retail shares, higher volumes and futures trading in the future.
Later, some of the big organizations of JP Morgan, Morgan Stanley etc, hope to trade their customers. That would allow entry of hedge funds and larger institutional players, who may have a very different idea of the future of Bitcoin.
It can be interesting when it matters.
Thank you.