MicroStrategy still doesn’t plan to sell its Bitcoin, according to the company’s new Chief Financial Officer Andrew Kang. The recent bear market, which has brought Bitcoin’s value below the company’s average purchase price, hasn’t shaken the organization’s faith. “At this time, we do not have any intention to sell,” said the CFO, after joining the company on May 9th hailing from GreenSky. “There are no scenarios that I’m aware [in which] we would sell.” Shareholders also remain confident and reportedly…
Tag: CME
CME Group Announces Arrival of Ether (ETH) Futures Contract
The Chicago Mercantile Exchange (CME), one of the world's two largest futures markets, has just announced the upcoming arrival of Ether Futures (ETH). This development is expected to expose the popular altcoin to more traders who could have a ripple effect on its price. Ether (ETH) Arrives at CME Group CME Group revealed today that it intends to introduce Ethereum (ETH) futures on its platform by February 8, 2021. The launch date of this new derivative will depend on its…
1 year ago 225
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Crypto Derivatives: What are Crypto Derivatives and How do They Work
In recent years, the crypto space has witnessed incredible growth into a diverse ecosystem consisting of over 5 000 coins and tokens, with each token focusing on a particular use case built on blockchain technology. And with the diversification of the crypto ecosystem, there has been increased launch of financial products to increase mainstream adoption. One such crypto-financial product that has gathered pace among crypto enthusiasts in recent years is cryptocurrency derivatives. A notable cryptocurrency derivative in the crypto space…
2 years ago 589
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Recent Report Points to Bitcoin Futures CME Premiums on Decline
There is a decline in premiums for the CME Bitcoin Futures contracts traded on a monthly, quarterly, and semi-annual basis relative to their week-on-week average. This finding is according to a recently compiled report by Arcane Research. Drop Surprise Slated for an end of March expiry, these contracts saw a 0.60% CME increase and a 1.19% premium increase on unregulated exchanges. The June 2020 contracts on the other hand saw a drop of 2.71% and 3.29% premium and CME on…
2 years ago 162
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Bakkt Registers a 1600% Increase Bitcoin Futures Contracts Compared to Last Year
Feb. 19 saw Bitcoin register its fifth-largest hourly price drop. From $10,214.98 it fell to $9,573.74. Its price remained hemmed below the $10,000 barrier. The decline was reminiscent of the 2017 one when it had reached its peak. Arcane Research suggests that while BTCs volume has been rising, the spot market price has drastically shifted. Again, the currency attained its peak this year. Its daily volume moved close to $1 billion. Increasing Trading Volume On CME, the research found out…
2 years ago 178
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