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Nasdaq Seeks SEC Approval for Bitcoin Index Options
Nasdaq has officially filed with the SEC for approval to launch #Bitcoin Index Options.
Nasdaq has officially filed with the U.S. Securities and Exchange Commission (SEC) to list and trade Bitcoin Index Options, marking a significant step toward expanding the cryptocurrency market. If approved, these options will allow institutional and retail investors to hedge their Bitcoin exposure and manage risks more effectively, following the CME CF Bitcoin Real-Time…
#Bitcoin#Bitcoin exposure#Bitcoin index options#CME CF Bitcoin Real-Time Index#crypto#cryptocurrency derivatives#cryptocurrency market#digital assets#finance#hedge Bitcoin exposure#institutional investors#Nasdaq#risk management#SEC approval
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Bursa SYIPC: Mengurai Bagaimana Opsi Indeks Bitcoin Nasdaq Membentuk Ulang Lanskap Investasi Kripto
Di tengah gelombang pertumbuhan pesat pasar mata uang kripto global, Bursa SYIPC sekali lagi berada di garis depan industri, dengan cermat memantau dan menganalisis dinamika pasar. Baru-baru ini, Nasdaq mengajukan permohonan ke Komisi Sekuritas dan Bursa Amerika Serikat (SEC) untuk meluncurkan Opsi Indeks Bitcoin Nasdaq (XBTX), yang tidak hanya menunjukkan pengakuan mendalam sistem keuangan tradisional terhadap mata uang kripto, tetapi juga menandakan bahwa kelas aset baru ini sedang memasuki era baru dengan peningkatan signifikan dalam likuiditas dan kematangan.
Peluncuran Opsi Indeks Bitcoin Nasdaq dan Dampaknya pada Pasar
Peluncuran Opsi Indeks Bitcoin oleh Nasdaq merupakan inovasi penting di pasar mata uang kripto, yang bertujuan untuk memberikan alat manajemen risiko yang lebih terperinci bagi investor. Opsi ini sangat bergantung pada CME CF Bitcoin Real-Time Index (BRTI), yang diperbarui setiap detik, memastikan harga opsi yang sangat relevan dengan pasar, serta meningkatkan transparansi dan keadilan pasar.
Penelitian mendalam SYIPC menemukan bahwa seiring dengan semakin terintegrasinya produk keuangan tradisional, penerimaan pasar terhadap mata uang kripto telah meningkat secara signifikan. Hal ini tidak hanya menarik partisipasi aktif dari banyak investor institusi, tetapi juga membangkitkan minat yang besar di kalangan investor individu. Peluncuran Opsi Indeks Bitcoin Nasdaq menandai langkah penting dalam peningkatan likuiditas dan kematangan pasar mata uang kripto, menunjukkan bahwa Bitcoin dan mata uang kripto lainnya akan menjadi bagian tidak terpisahkan dari portofolio investasi yang terdiversifikasi, yang pada gilirannya akan meningkatkan stabilitas dan daya tarik keseluruhan pasar.
Strategi Respons Bursa SYIPC
Seiring dengan semakin matangnya pasar mata uang kripto, permintaan investor tidak lagi terbatas pada fungsi jual beli sederhana, melainkan beralih ke alat manajemen risiko yang lebih beragam dan profesional. Menghadapi tren pasar baru ini, bursa SYIPC dengan cepat merespons, dengan memanfaatkan platform teknologi canggih dan solusi pasar yang komprehensif, serta menyesuaikan strategi untuk memenuhi kebutuhan investor yang beragam. Bursa ini tidak hanya berkomitmen untuk menyediakan lingkungan trading yang stabil dan aman, tetapi juga terus memperkenalkan sistem manajemen risiko canggih, serta menjalin kerjasama mendalam dengan lembaga keuangan terkenal di dunia untuk memastikan bahwa investor mendapatkan layanan trading yang efisien dan tepat.
Selain itu, SYIPC lebih lanjut mengamati bahwa dengan meningkatnya partisipasi investor institusi, permintaan pasar akan kepatuhan dan transparansi juga terus meningkat. Oleh karena itu, SYIPC telah mengajukan dan memperoleh berbagai lisensi keuangan internasional, termasuk lisensi MSB dari Amerika Serikat dan Kanada, yang semakin memperkuat posisi terdepannya di bidang kepatuhan. Selain itu, untuk melayani pengguna dengan lebih baik, SYIPC berencana meluncurkan alat trading algoritmik, opsi trading derivatif yang beragam, serta laporan analisis pasar mendalam untuk secara menyeluruh meningkatkan pengalaman trading dan kemampuan pengambilan keputusan investor. Melalui SYIPC, investor tidak hanya dapat menikmati pengalaman trading yang efisien, tetapi juga dapat memanfaatkan alat profesional yang disediakan untuk memaksimalkan pengembalian investasi mereka, sambil secara efektif mengurangi risiko yang timbul akibat volatilitas pasar.
Rencana Masa Depan dan Strategi Pengembangan Bursa SYIPC
Ke depan, bursa SYIPC akan terus menjunjung tinggi prinsip inovasi teknologi dan kepatuhan pasar secara seimbang, mendorong perkembangan berkelanjutan pasar mata uang kripto. Seiring dengan bergabungnya lebih banyak lembaga keuangan, SYIPC akan memanfaatkan peluang ini dengan meningkatkan upaya penelitian dan pengembangan teknologi serta perluasan pasar, untuk menarik investor global dengan layanan yang lebih baik. Pada saat yang sama, bursa akan memperkuat kerjasama dengan lembaga pengawas internasional, memastikan bahwa standar kepatuhan tertinggi terpenuhi di seluruh dunia.
Dalam lingkungan pasar yang kompleks dan dinamis, SYIPC mengingatkan investor untuk mempertahankan sikap investasi yang rasional dan fokus pada manajemen risiko. Seperti kata pepatah investasi, "Cari peluang di tengah volatilitas, cari keamanan di tengah risiko," SYIPC akan terus berkomitmen untuk membantu investor mencapai keuntungan jangka panjang yang stabil dalam lingkungan pasar yang kompleks.
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CME Introduces New Crypto Indexes as First Step Toward Futures Debut
The Chicago Mercantile Exchange (CME) Group, the world's largest derivatives exchange, is taking steps towards expanding its cryptocurrency offerings by introducing three new cryptocurrency price indexes. These indexes, developed in collaboration with CF Benchmarks, will cover Avalanche, Filecoin, and Tezos, providing daily and real-time price data starting October 31st.
This move is seen as a precursor to the potential expansion of CME's futures contracts beyond Bitcoin and Ether. The introduction of these new indexes follows CME's successful launch of Bitcoin and Ether price indexes, which paved the way for the introduction of corresponding futures contracts.
CME's decision to introduce Ether options contracts comes at an opportune time, offering the crypto community another avenue to access and manage exposure to Ether. Both futures and options contracts enable investors to speculate on cryptocurrency price movements without the need for direct ownership, addressing regulatory and custodianship concerns.
In other news, CME reported a significant year-on-year increase in quarterly international average daily volume (ADV) for the third quarter of 2022, reaching 6.1 million contracts. This growth was primarily driven by increases in Foreign Exchange, Interest Rate, and Equity Index products, reflecting strong trading activity outside the United States.
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Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates – Finance Bitcoin News
Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles.
11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks
CME Group is adding 11 more cryptocurrencies to the firm’s existing bitcoin and ethereum reference rates. Crypto reference rates like the CME CF Reference Rates are often used as a benchmark for exchange-traded funds (ETFs) and other financial products.
The new rates cover polygon, solana, stellar, algorand, bitcoin cash, cardano, chainlink, uniswap, cosmos, litecoin, and polkadot values. Pricing data for the benchmarks will be provided by Bitstamp, Coinbase, Gemini, Itbit, Kraken, and LMAX. Each coin will leverage two exchanges, CME Group’s announcement discloses.
“As the digital asset market continues to expand, there is an increasing demand for reliable, standardized cryptocurrency pricing information based on robust, regulated reference rates,” Tim McCourt, CME Group’s global head of equity and FX products said in a statement. McCourt added:
These new benchmarks, which capture over 90% of the total investible cryptocurrency market cap today, are designed to allow traders, institutions and other users to confidently and more accurately manage cryptocurrency price risk, price portfolios or create structured products like ETFs.
The new reference rates for the 11 crypto assets can be used as benchmarks for bundled and diversified funds, ETPs, and derivatives markets. Elliot Johnson the chief investment officer at Evolve ETFs explained on April 7, that the company already uses CME CF Reference Rates for its crypto exchange-traded funds.
“Evolve’s physical-crypto ETFs rely on CME CF Reference Rates to provide liquidity, tight tracking, and reliable NAV for investors,” Johnson explained. “We’re very excited to see the CME CF index family expanding to lay the foundation for new, innovative ETFs in this highly coveted asset class,” the Evolve executive added.
CME Group’s new reference rates follow the launch of Micro Bitcoin (MBT) and Micro Ether futures (MET). MBT and MET contracts are “sized at one-tenth of their respective underlying tokens in size.” CME Group and CF Benchmarks plan to launch the 11 new crypto reference rates on April 25.
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What do you think about CME Group adding 11 new cryptocurrency reference rates? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
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Derivatives Exchange Giant CME Group Adds 11 New Cryptocurrency Reference Rates – Finance Bitcoin News
Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles.
11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks
CME Group is adding 11 more cryptocurrencies to the firm’s existing bitcoin and ethereum reference rates. Crypto reference rates like the CME CF Reference Rates are often used as a benchmark for exchange-traded funds (ETFs) and other financial products.
The new rates cover polygon, solana, stellar, algorand, bitcoin cash, cardano, chainlink, uniswap, cosmos, litecoin, and polkadot values. Pricing data for the benchmarks will be provided by Bitstamp, Coinbase, Gemini, Itbit, Kraken, and LMAX. Each coin will leverage two exchanges, CME Group’s announcement discloses.
“As the digital asset market continues to expand, there is an increasing demand for reliable, standardized cryptocurrency pricing information based on robust, regulated reference rates,” Tim McCourt, CME Group’s global head of equity and FX products said in a statement. McCourt added:
These new benchmarks, which capture over 90% of the total investible cryptocurrency market cap today, are designed to allow traders, institutions and other users to confidently and more accurately manage cryptocurrency price risk, price portfolios or create structured products like ETFs.
The new reference rates for the 11 crypto assets can be used as benchmarks for bundled and diversified funds, ETPs, and derivatives markets. Elliot Johnson the chief investment officer at Evolve ETFs explained on April 7, that the company already uses CME CF Reference Rates for its crypto exchange-traded funds.
“Evolve’s physical-crypto ETFs rely on CME CF Reference Rates to provide liquidity, tight tracking, and reliable NAV for investors,” Johnson explained. “We’re very excited to see the CME CF index family expanding to lay the foundation for new, innovative ETFs in this highly coveted asset class,” the Evolve executive added.
CME Group’s new reference rates follow the launch of Micro Bitcoin (MBT) and Micro Ether futures (MET). MBT and MET contracts are “sized at one-tenth of their respective underlying tokens in size.” CME Group and CF Benchmarks plan to launch the 11 new crypto reference rates on April 25.
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11 cryptos, 11 digital assets, Algorand, April 7, bitcoin cash, BitStamp, Cardano, CF Benchmarks, Chainlink, CME CF Reference Rates, CME Group, Coinbase, Cosmos, Crypto, Elliot Johnson, etfs, ETPs, Evolve ETFs, Finance, Financial Data, Gemini, investment products, ItBit, Kraken, litecoin, LMAX, Micro Bitcoin (MBT), Micro Ether futures (MET), Polkadot, Polygon, Reference Rates, Solana, Stellar, Tim McCourt, uniswap
What do you think about CME Group adding 11 new cryptocurrency reference rates? Let us know what you think about this subject in the comments section below.
Jamie Redman
Jamie Redman is the News Lead at Bitcoin.com News and a financial tech journalist living in Florida. Redman has been an active member of the cryptocurrency community since 2011. He has a passion for Bitcoin, open-source code, and decentralized applications. Since September 2015, Redman has written more than 5,000 articles for Bitcoin.com News about the disruptive protocols emerging today.
Image Credits: Shutterstock, Pixabay, Wiki Commons
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Global markets company and Chicago-based derivatives exchange CME Group plans to launch 11 new reference rates tied to specific crypto assets. The reference rates and real-time indices bolstered by CF Benchmarks are typically leveraged by exchange-traded products and other investment vehicles. 11 Crypto Assets Get Reference Rate Treatment From CME Group and CF Benchmarks CME Group is adding 11 more cryptocurrencies to the firm’s existing bitcoin and ethereum reference rates. Crypto reference rates like the CME CF Reference Rates are often used as a benchmark for exchange-traded funds (ETFs) and other financial products. The new rates cover polygon, solana, stellar, algorand, bitcoin cash, cardano, chainlink, uniswap, cosmos, litecoin, and polkadot values. Pricing data for the benchmarks will be provided by Bitstamp, Coinbase, Gemini, Itbit, Kraken, and LMAX. Each coin will leverage two exchanges, CME Group’s announcement discloses. “As the digital asset market continues to expand, there is an increasing demand for reliable, standardized cryptocurrency pricing information based on robust, regulated reference rates,” Tim McCourt, CME Group’s global head of equity and FX products said in a statement. McCourt added: These new benchmarks, which capture over 90% of the total investible cryptocurrency market cap today, are designed to allow traders, institutions and other users to confidently and more accurately manage cryptocurrency price risk, price portfolios or create structured products like ETFs. The new reference rates for the 11 crypto assets can be used as benchmarks for bundled and diversified funds, ETPs, and derivatives markets. Elliot Johnson the chief investment officer at Evolve ETFs explained on April 7, that the company already uses CME CF Reference Rates for its crypto exchange-traded funds. “Evolve’s physical-crypto ETFs rely on CME CF Reference Rates to provide liquidity, tight tracking, and reliable NAV for investors,” Johnson explained. “We’re very excited to see the CME CF index family expanding to lay the foundation for new, innovative ETFs in this highly coveted asset class,” the Evolve executive added. CME Group’s new reference rates follow the launch of Micro Bitcoin (MBT) and Micro Ether futures (MET). MBT and MET contracts are “sized at one-tenth of their respective underlying tokens in size.” CME Group and CF Benchmarks plan to launch the 11 new crypto reference rates on April 25. What do you think about CME Group adding 11 new cryptocurrency reference rates? Let us know what you think about this subject in the comments section below. Go to Source
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What keeps Bitcoin price similar across different crypto exchanges?
Bitcoin is traded in numerous places around the world, including many exchanges. However, the asset generally trades at approximately the same value in U.S. dollars in the market, except that some countries trade from time to time based on the underlying prices. How is this possible?
There are many trading products in the crypto space, including bitcoin futures and options (BTC), but how is the price of the actual BTC transaction, known as spot BTC, determined in the crypto market, especially given the large number of exchanges?
The price of BTC at any given moment is really nothing more than a function of the price at which people are willing to buy or sell BTC at that moment, Justin d’Anethan, head of sales at Equos, a digital asset exchange that is part of the Diginex group, told Cointelegraph. So it will vary – very slightly – from fair to fair, he explained, adding:
Of course, market makers and arbitrageurs will take advantage of this difference and minimize it (sell when the price is higher; buy when the price is lower, so the price adjusts naturally). Often, data providers and the exchanges themselves use a composite index of current prices from a number of different exchanges as the basis.
Arbitrage is an aspect of the market that helps maintain the price of bitcoin on all exchanges. If BTC is trading at $50,000 per coin on one exchange and $60,000 on another, people are likely to buy BTC for $50,000, send it to another exchange, sell it for $60,000 and keep a profit of $10,000 per coin. However, arbitration involves a number of factors, including. B. timing of transactions, currency restrictions and bots.
Crypto analyst and trader Filbfilb also sees arbitrage as an important element in determining the spot price of bitcoin in the market. In general, arbitrage bots play an important role in eliminating price gaps caused by unit volume, he told Cointelegraph. They reward people for correcting discrepancies in market prices with profits, he added. Philbfilb explained:
Large volumes of dumping on one exchange, A, which causes the price to fall relative to that on exchange B, will cause arbitrageurs to buy cheaper coins on exchange A and sell them at a higher price on exchange B. This will continue until prices on A and B balance and this possibility is eliminated. This is obviously a simplified example, but it happens literally all the time.
Arbitrage opportunities also existed between bitcoin futures and cash trading, in a strategy alluded to by the creator of the Bitcoin PlanB exchange model. The tactic boils down to going short in BTC futures while buying bitcoin in cash.
Some bitcoin futures contracts, such as those traded on the Chicago Mercantile Exchange, sometimes trade above the asset price at the beginning of their contract term and approach the BTC spot price at expiration. However, this system depends on a number of factors, such as. B. the maturity of the chosen bitcoin futures contract.
Buy and sell orders from participants around the world determine the price of bitcoin in real time, Rob Levy, co-founder of cryptocurrency exchange platform Hxro, told Cointelegraph. All markets are interconnected, from cash markets to derivatives markets (futures, options, swaps), he said, adding:
The most sophisticated market participants, often called liquidity providers or market makers, trade simultaneously on all active exchanges in the world. Advanced trading systems, developed by high-frequency traders, monitor the order books of all major exchanges 24 hours a day.
Levy noted that fast arbitrage is a force that supports similar BTC prices on different cryptocurrency exchange sites.
Moreover, according to a report by investment firm Wilshire Phoenix, the trading of BTC futures on the CME is affecting the spot price of bitcoin. Wilshire Phoenix’s findings […] suggest that CME bitcoin futures contribute more to price discovery than related cash markets, the report said.
In 2017, the CME opened trading in bitcoin futures with cash. In addition to its BTC futures contracts, the Chicago-based trading firm uses the CME CF bitcoin reference rate, a value for bitcoin that takes into account trading data from the BTC spot market.
While there are factors that go into normalizing the price of bitcoin on different exchanges, there are a number of reasons for the overall value of the asset, including its role as a store of value.
frequently asked questions
Why does the price of bitcoin vary from exchange to exchange?
This is because most bitcoin price trackers calculate an average valuation or price of recently traded bitcoins based on the trading history of a known bitcoin exchange. … At the different fairs, supply and demand can be different and the price can vary slightly.
What affects the price of bitcoin?
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Why is the price of bitcoin different on Coinbase?
If one stock market is much higher than another, people can sell their coins on the higher stock market and buy on the lower stock markets to make money. All these sales at the high exchanges drive the price down until it gets near the low exchanges. … So Coinbase’s costs probably keep the price of bitcoins down.
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U.K.-Based Crypto Facilities Adds Bitcoin Cash Futures to Its Offerings
U.K.-based cryptocurrency futures exchange Crypto Facilities, which is regulated by the U.K. Financial Conduct Authority, is adding a bitcoin cash product to its offerings, a press release shared on the exchange’s website reveals. Trading for the bitcoin cash-dollar (BCH/USD) futures began today, August 17, 2018, at 4:00 p.m. GMT +1 (11:00 a.m. EST).
The addition of the new contract will enable investors to take long or short positions in bitcoin cash, allowing them to "broaden [their] investment opportunities" and hedge investment risks. The contracts join a list of derivatives currently offered by Crypto Facilities, which includes Bitcoin, Ripple XRP, Ether and Litecoin futures.
At launch of the litecoin futures, CEO of Crypto Facilities, Timo Schlaefer, said there was “strong client demand” for the product and he believes the "LTC-Dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets."
Now, in rolling out BCH futures, Schlaefer claims that the new offering will bring even more liquidity and exposure to the maturing market.
"We are pleased to be expanding our cryptocurrency derivatives offering with the launch of BitcoinCash [sic] futures. BCH is a top five coin with a market capitalization of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class,” Schlaefer commented.
Crypto Facilities rose to prominence in 2017 when it partnered with CME Group to launch the first bitcoin futures contract. Currently, Crypto Facilities powers the CME CF Bitcoin Reference Rate Index and the CME CF Bitcoin Real-Time Index.
The addition of the BCH futures comes on the heels of a Bitmain IPO, the crypto mining giant that allegedly holds more than 1 million Bitcoin Cash, worth nearly $550 million at the present exchange rate, according to Bitmain's investor deck.
This article originally appeared on Bitcoin Magazine.
U.K.-Based Crypto Facilities Adds Bitcoin Cash Futures to Its Offerings published first on https://medium.com/@smartoptions
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U.K.-Based Crypto Facilities Adds Bitcoin Cash Futures to Its Offerings
U.K.-based cryptocurrency futures exchange Crypto Facilities, which is regulated by the U.K. Financial Conduct Authority, is adding a bitcoin cash product to its offerings, a press release shared on the exchange’s website reveals. Trading for the bitcoin cash-dollar (BCH/USD) futures began today, August 17, 2018, at 4:00 p.m. GMT +1 (11:00 a.m. EST).
The addition of the new contract will enable investors to take long or short positions in bitcoin cash, allowing them to "broaden [their] investment opportunities" and hedge investment risks. The contracts join a list of derivatives currently offered by Crypto Facilities, which includes Bitcoin, Ripple XRP, Ether and Litecoin futures.
At launch of the litecoin futures, CEO of Crypto Facilities, Timo Schlaefer, said there was “strong client demand” for the product and he believes the "LTC-Dollar futures contracts will increase price transparency, liquidity and efficiency in the cryptocurrency markets."
Now, in rolling out BCH futures, Schlaefer claims that the new offering will bring even more liquidity and exposure to the maturing market.
"We are pleased to be expanding our cryptocurrency derivatives offering with the launch of BitcoinCash [sic] futures. BCH is a top five coin with a market capitalization of around $10 billion and we expect our new contracts to spur the evolution of the crypto markets by bringing greater liquidity and transparency to the digital asset class,” Schlaefer commented.
Crypto Facilities rose to prominence in 2017 when it partnered with CME Group to launch the first bitcoin futures contract. Currently, Crypto Facilities powers the CME CF Bitcoin Reference Rate Index and the CME CF Bitcoin Real-Time Index.
The addition of the BCH futures comes on the heels of a Bitmain IPO, the crypto mining giant that allegedly holds more than 1 million Bitcoin Cash, worth nearly $550 million at the present exchange rate, according to Bitmain's investor deck.
This article originally appeared on Bitcoin Magazine.
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Ethereum (ETH/USD) Technical Analysis (May 16, 2018)
Even though Ethereum is trading at 50 percent of its ATHs, chances are it might retrace in the coming days. In the last 24 hours for example, it is down three percent after failing to surge past $900 earlier this month. Now, because we have these lower lows, taking shorts might be a good trading strategy that flows well with the current trend.
From the News
Remember Nigel Green, the Founder of deVere Group? Well, he projected that Ethereum might close at $2,500 a piece by the end of the year. That’s pretty much outlandish from those who think Ethereum’s end is near. It’s without a doubt that despite the difficulties of Crypto Kitties and scaling concerns by the end of 2017, Ethereum remains a platform of choice for many blockchain startups looking to leverage on its smart contract abilities.
Simply put, Ethereum is the king of Smart Contracts. Then again, developers are working hard behind the scene on Casper and Sharding that will eventually deal with scaling problems. So, in my view, it wasn’t hard a choice for UK’s Crypto Facilities to come up with Ethereum Futures. With this release, Crypto Facilities now have four different crypto futures that would help oil the crypto sphere with liquidity.
We're launching ETH/USD Futures today at 15:00 UTC. Read our press release here – https://t.co/iSOVK3pMuk#ETH #ethereum #Futures
— Crypto Facilities (@CryptoFLtd) May 11, 2018
A few days later, Crypto Facilities joined hands with the Chicago Mercantile Exchange (CME) creating the CME CF Ether-Dollar Reference Rate and the Real Time Index. According to their joint press release, the Ether-Dollar Reference Rate would provide a standard and a spot price index from live Bitstamp and Kraken spot rates.
Today we're launching the CME CF #Ether-Dollar Reference Rate and Real-Time Index.
Read more:https://t.co/DWXsgiLlCE#ETH #Ethereum #Consensus2018 pic.twitter.com/DI0Bwb0u3F
— CMEGroup (@CMEGroup) May 14, 2018
Both products shall be overseen by an independent committee who shall from time to time meet to review the practice standards and setting the code of conduct governing the standard. Lest we forget, we haven’t seen strong institutional involvement in Ethereum and unlike Bitcoin futures, caution should be practiced.
Ethereum (ETH/USD) Technical Analysis
Weekly Chart
Ethereum Weekly Chart by Trading View
What interests me in this chart is the series of higher highs following that bullish bounce from support at $350. While we remain bearish we must be cognizant of Ethereum buyers who are trying to push prices above the immediate resistance line at $850 though with small volumes.
Remember, prior to this, we only needed buyers to push and close above the main buy trigger line at $900. However, sellers are now finding shorting opportunities at every highs as price-volume relationship hints of.
Notice that after week ending May 6, there was an immediate spike in volume but rather than inching higher, there was a drop in prices albeit with a long lower wick. So, if Ethereum buyers are indeed in charge then they must breach $850 with strong volumes. Otherwise, any break below $600 shall attract bear waves reversing April gains.
Daily Chart
Ethereum Daily Chart by Trading View
Like the weekly chart, bears seems to be in charge in the daily chart. Here, we can see waves of lower lows after that strong bullish push towards $1350 in the first week of January 2018. At the moment though, buyers are finding resistance with every higher highs.
On May 6 for example, there was a deluge of sell pressure with volumes spiking to 243K up from 193K the previous day. From there sellers have been consistent and despite the last few days attempts of resistance retest, we might see lower lows.Aggressive sellers can sell now and aim for $350 but conservatives can wait for bears breach at $600 before aiming for $350 with stops at $740.
The post Ethereum (ETH/USD) Technical Analysis (May 16, 2018) appeared first on NewsBTC.
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Ethereum (ETH/USD) Technical Analysis (May 16, 2018)
Even though Ethereum is trading at 50 percent of its ATHs, chances are it might retrace in the coming days. In the last 24 hours for example, it is down three percent after failing to surge past $900 earlier this month. Now, because we have these lower lows, taking shorts might be a good trading strategy that flows well with the current trend.
From the News
Remember Nigel Green, the Founder of deVere Group? Well, he projected that Ethereum might close at $2,500 a piece by the end of the year. That’s pretty much outlandish from those who think Ethereum’s end is near. It’s without a doubt that despite the difficulties of Crypto Kitties and scaling concerns by the end of 2017, Ethereum remains a platform of choice for many blockchain startups looking to leverage on its smart contract abilities.
Simply put, Ethereum is the king of Smart Contracts. Then again, developers are working hard behind the scene on Casper and Sharding that will eventually deal with scaling problems. So, in my view, it wasn’t hard a choice for UK’s Crypto Facilities to come up with Ethereum Futures. With this release, Crypto Facilities now have four different crypto futures that would help oil the crypto sphere with liquidity.
We're launching ETH/USD Futures today at 15:00 UTC. Read our press release here – https://t.co/iSOVK3pMuk#ETH #ethereum #Futures
— Crypto Facilities (@CryptoFLtd) May 11, 2018
A few days later, Crypto Facilities joined hands with the Chicago Mercantile Exchange (CME) creating the CME CF Ether-Dollar Reference Rate and the Real Time Index. According to their joint press release, the Ether-Dollar Reference Rate would provide a standard and a spot price index from live Bitstamp and Kraken spot rates.
Today we're launching the CME CF #Ether-Dollar Reference Rate and Real-Time Index.
Read more:https://t.co/DWXsgiLlCE#ETH #Ethereum #Consensus2018 pic.twitter.com/DI0Bwb0u3F
— CMEGroup (@CMEGroup) May 14, 2018
Both products shall be overseen by an independent committee who shall from time to time meet to review the practice standards and setting the code of conduct governing the standard. Lest we forget, we haven’t seen strong institutional involvement in Ethereum and unlike Bitcoin futures, caution should be practiced.
Ethereum (ETH/USD) Technical Analysis
Weekly Chart
Ethereum Weekly Chart by Trading View
What interests me in this chart is the series of higher highs following that bullish bounce from support at $350. While we remain bearish we must be cognizant of Ethereum buyers who are trying to push prices above the immediate resistance line at $850 though with small volumes.
Remember, prior to this, we only needed buyers to push and close above the main buy trigger line at $900. However, sellers are now finding shorting opportunities at every highs as price-volume relationship hints of.
Notice that after week ending May 6, there was an immediate spike in volume but rather than inching higher, there was a drop in prices albeit with a long lower wick. So, if Ethereum buyers are indeed in charge then they must breach $850 with strong volumes. Otherwise, any break below $600 shall attract bear waves reversing April gains.
Daily Chart
Ethereum Daily Chart by Trading View
Like the weekly chart, bears seems to be in charge in the daily chart. Here, we can see waves of lower lows after that strong bullish push towards $1350 in the first week of January 2018. At the moment though, buyers are finding resistance with every higher highs.
On May 6 for example, there was a deluge of sell pressure with volumes spiking to 243K up from 193K the previous day. From there sellers have been consistent and despite the last few days attempts of resistance retest, we might see lower lows.Aggressive sellers can sell now and aim for $350 but conservatives can wait for bears breach at $600 before aiming for $350 with stops at $740.
The post Ethereum (ETH/USD) Technical Analysis (May 16, 2018) appeared first on NewsBTC.
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Ethereum Futures in US One Step Closer as CME Deal is Struck
Chicago Mercantile Exchange & Chicago Board of Trade (CME Group Inc) announced a partnership with Crypto Facilities Ltd to list the price of ether in real-time dollars. Information from major cryptocurrency exchanges Bitstamp and Kraken will be used to determine the CME CF reference rate. This could be a hint of things to come for the second most popular crypto in the world, including possible US futures.
Also read: Zimbabwe Bans All Cryptocurrency Activity, Businesses Have 2 Month Grace Period
CME Strikes Deal for Ether-Dollar Reference Rate
“CME Group’s experience and knowledge in bringing the Bitcoin Reference Rate and Real-Time Index to market,” Chicago Merc’s website pithily stated, “has enabled us to launch an Ether-Dollar Reference Rate and Real-Time Index […] and the CME CF Ether-Dollar rates will provide a standardized reference rate and spot price index to bring confidence to any trading strategy. Major cryptocurrency exchanges Bitstamp and Kraken provide the pricing data to bring our dependable rate to the market.”
In the final quarter of last year, to much fanfare and hype, CME, along with crosstown rival Cboe, created a first of its kind: crypto futures. The experiment in running bitcoin core (BTC) in more mainstream financial contexts has been decidedly mixed. Some analysts even believe futures were a significant drag on digital asset prices due to allowing speculators to short BTC.
CME’s Tim McCourt explained, “The Ether Reference Rate and Real Time Index are designed to meet the evolving needs of this marketplace. Providing price transparency and a credible price reference source is a key development for users of Ethereum.”
Aiming for Institutional Investors
CME is among the most trusted derivatives market makers in the world, as is a well-known player. Crypto Facilities Ltd is a crypto trading platform. The two have teamed to offer the CME CF Ether-Dollar Reference Rate (Ether Reference Rate) and Ether Real Time Index. Crypto Facilities will rely upon Kraken and Bitstamp order books as principal references. It hopes to add something like a daily benchmark in US fiat, real-time. Rollout is expected by CME Group and Crypto Facilities’ respective websites May 14, but formal CME market data platform distribution won’t begin until June 4th of this year.
London-based Crypto Facilities’ Timo Schlaefer noted, “Ether, the second largest cryptocurrency, experienced incredible adoption and growth in 2017, evolving into the leading blockchain for smart contracts. We are excited to be contributing to the strong community that has developed around the Ethereum network by providing a reliable reference rate and real-time Ether-Dollar price.”
Earlier this week, Crypto Facilities detailed its other partnership with Chicago-based Akuna Capital and London-based market maker B2C2 in an effort to make ethereum futures contracts. The triumvirate hopes it can bring liquidity to ethereum futures. Aimed at institutional investors, such futures would allow long and short positions without dirtying hands (having to hold the actual coin). Akuna’s Toby Allen insisted his company is “looking forward to seeing this much-needed product fill a gap in the market. The addition of a futures product enables crypto traders to take both long and short positions in ETH and is another giant leap in the development of the crypto asset class.”
Is having ether futures a good overall move for the crypto community? Let us know what you think about this subject in the comments below.
Images via Shutterstock, Pixabay, Ethereum, CME Group Inc.
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The post Ethereum Futures in US One Step Closer as CME Deal is Struck appeared first on Bitcoin News.
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RT @CMEGroup: Starting October 29 at 10:30am CT, our CME CF Ether-Dollar Reference Rate and Real-Time Index will include transactions from @coinbase, which is already a constituent exchange for our bitcoin pricing indices. https://t.co/z9xO9hWA2L https://t.co/OqjZD1gfbQ
Starting October 29 at 10:30am CT, our CME CF Ether-Dollar Reference Rate and Real-Time Index will include transactions from @coinbase, which is already a constituent exchange for our bitcoin pricing indices. https://t.co/z9xO9hWA2L pic.twitter.com/OqjZD1gfbQ
— CMEGroup (@CMEGroup) October 17, 2019
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Gemini Data Added To CME Crypto Indices
Market data from the Winklevoss twins-founded crypto exchange Gemini is being added to eight crypto indices offered by CF Benchmarks.
Formerly called Crypto Facilities, CF Benchmarks' eight reference products include four indices and reference rates provided for CME Group, which currently offers a bitcoin futures product: the CME CF Bitcoin Reference Rate and CME CF Bitcoin Real Time Index, and the CME CF Ether-Dollar Reference Rate and CME CF Ether-Dollar Real Time Index.
CF Benchmarks said Thursday that the addition of Gemini as a data source, alongside existing exchanges Bitstamp, Coinbase, itBit and Kraken, will boost the quality of market data underlying the indices.
https://m.nasdaq.com/article/gemini-exchange-data-is-being-added-to-cmes-crypto-indices-cm1194455
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Gemini Exchange se agregó a los cripto puntos de referencia pioneros del grupo CME47d442e4b8988b4cca606d3944bead90
New Post has been published on https://cfddesk.net/gemini-exchange-se-agrego-a-los-cripto-puntos-de-referencia-pioneros-del-grupo-cme47d442e4b8988b4cca606d3944bead90/
Gemini Exchange se agregó a los cripto puntos de referencia pioneros del grupo CME47d442e4b8988b4cca606d3944bead90
La plataforma Gemini de los gemelos Winklevoss se está agregando como un exchange constituyente para las tasas de referencia de criptomonedas de Chicago Mercantile Exchange.
La plataforma Gemini de los gemelos Winklevoss se está agregando como un exchange constituyente para las tasas de referencia de criptomonedas del Chicago Mercantile Exchange (CME Group).
Tal como se reveló en un tuit oficial del CME Group el 8 de agosto, Gemini se agregará a los cuatro principales índices de precios de criptomonedas a partir del 30 de agosto.
Índices de Bitcoin y Ether del CME Group
Como se informó, CME Group lanzó sus primeros dos productos de precios criptomonetarios —la tasa de referencia estandarizada “CME CF Bitcoin Reference Rate” y el índice al contado “CME CF Bitcoin Real-Time Index”— en noviembre del 2016.
Ambos fueron anunciados como grandes peldaños hacia la profesionalización del comercio de Bitcoin (BTC) y la aceptación del activo por parte de los gigantes comerciales tradicionales.
En marzo del 2018, el Grupo lanzó dos productos análogos para Ether (ETH): la “Tasa de referencia de Ether-Dólar del CME CF” y el “Índice de tiempo real de Ether del CME CF” en asociación con Crypto Facilities, el exchange centrado en futuros con sede en el Reino Unido.
Antes de la incorporación de Gemini, estos productos de precios se basaron en transacciones y datos de actividad de la cartera de pedidos de las principales plataformas comerciales de la industria, como Bitstamp, Coinbase, itBit y Kraken (Coinbase, sin embargo, no se cita en relación con los productos Ether del Grupo CME).
As reported, CME Group launched its first two crypto pricing products — the standardized reference rate “CME CF Bitcoin Reference Rate” and the spot index “CME CF Bitcoin Real-Time Index” — back in November 2016.
Fiebre del índice criptomonetario
CME Group fue precedido notablemente por el índice NYSE Bitcoin de la Bolsa de Nueva York, que entró en funcionamiento en mayo del 2015, un producto que el operador de la Bolsa de Nueva York, Intercontinental Exchange (ICE), afirmó que fue el primer índice de Bitcoin calculado y difundido por bolsa.
Desde estas primeras ofertas, los productos de precios criptomonetarios —muchos dirigidos a clientes institucionales— se han vuelto cada vez más sofisticados y generalizados.
En junio, a medio millón de operadores tradicionales que utilizaban los terminales financieros Reuters y Bloomberg se les proporcionó acceso a un nuevo índice impulsado por IA para las 100 criptomonedas y tokens de mayor rendimiento.
El proveedor de datos cripto con sede en Londres CryptoCompare lanzó este año un producto de comparación de exchanges que clasifica a más de 100 exchanges de criptomonedas globales en todo el mundo, después de haber anunciado previamente una asociación con Nasdaq para lanzar un nuevo producto de criptoprecios, así como una empresa conjunta con BitMEX para construir un conjunto de futuros criptomonetarios.
A finales de abril, Nasdaq introdujo XRP Liquid Index (XRRLX) en su servicio global de datos. Nasdaq había comenzado previamente a incluir el Bitcoin Liquid Index y Ethereum Liquid Index de Brave New Coin.
En marzo, CoinMarketCap anunció el lanzamiento de dos índices de referencia de criptomonedas en Nasdaq Global Index Data Service, Terminal Bloomberg, Thomson Reuters Eikon y Börse Stuttgart.
Sigue leyendo:
Reuters, Bloomberg Terminals y TradingView añaden el Criptoíndice impulsado por IA para las 100 monedas de mejor rendimiento
CryptoCompare lanza un benchmark de exchanges en respuesta a las preocupaciones sobre los informes de volumen falsos
Nasdaq y CryptoCompare se asocian en un producto de precios de criptos orientado a instituciones
Bitspark debuta en el mercado la stablecoin respaldada por el dólar de Hong Kong en exchange descentralizada
Agente de seguros Marsh lanza aplicación blockchain de seguros a clientes de EE. UU.
Hombre sueco condenado después de enviar una bomba a criptofirma por pérdida de contraseña
Se lanza la aplicación de comercio criptomonetario Robinhood en el Reino Unido tras la aprobación de la FCA
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CME Group Altering Its Reference Rate for Ether Meaning They Might Be Getting Ready for Futures
Coinspeaker CME Group Altering Its Reference Rate for Ether Meaning They Might Be Getting Ready for Futures From CME Group they announced that the companies’ experience and knowledge in bringing the Bitcoin Reference Rate and Real-Time Index to market has enabled them to launch an Ethereum-Dollar Reference Rate and Real-Time Index. As they said: “Ether is based on formidable blockchain technology, and the CME CF Ether-Dollar rates will provide a standardized reference rate and spot price index to bring confidence to any trading strategy. Major cryptocurrency exchanges Bitstamp, Kraken, and…
The post CME Group Altering Its Reference Rate for Ether Meaning They Might Be Getting Ready for Futures appeared first on CryptoNewsTrending.
source https://cryptonewstrending.com/cme-group-altering-its-reference-rate-for-ether-meaning-they-might-be-getting-ready-for-futures/
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