Bitcoin Futures contracts accounted for 78% of Futures volume in Q1 2020

The report also discussed the major asset Futures contracts which recorded top trading volumes, with Bitcoin undoubtedly at the top of the heap.
The report said,“Three major asset contracts of cryptocurrency futures accounted for more than 90% of the total market turnover in 2020 Q1, and the remaining contracts accounted for less than 10%; among them, the BTC futures contract turnover accounted for 78%.”Why only Bitcoin Futures though?
However, it is also important to note that major financial institutions preferred Bitcoin Futures over investing in Bitcoin as a sole asset.
Bitcoin Futures make it easier to attract dollar investment and hence, the market for Bitcoin Futures becomes more and more liquid than Bitcoin itself.
Hence, the Commodity Futures Trading Commission regulates Bitcoin Futures trading.

ambcrypto Member since June 14, 2020

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