Bitcoin derivatives trading has received myriad interests following recent rallies of Bitcoin price.
The CME, the US registered exchange, renders a highly regulated Bitcoin product but the trading volume on this exchange is paltry (about $70 million daily) compared to OKEx, bitFlyer, and BitMEX, owing to the difficulty involved in being approved to trade on such platforms.
In spite of bitcoin futures trading observed the significant volumes on platforms such as OKEx, Bitflyer Lighting, and BitMEX, these volumes represent futures trading volume, and not spot trading volumes. Hence, they are excluded from CCCAGG calculations.
Prior to the Bitcoin (BTC) bounce back, Bitcoin derivatives markets have been observed the robust volume during the course of March. OKEx exchange traded $1.5 billion in average daily bitcoin derivative volume, according to CryptoCompare.
Well, as per the twitter source, Bitcoin’s new volume persuaded the futures market, CME bitcoin futures observe massive growth of 63.5k contracts traded in the recent past. On the other hand, CBOE, ahead of bitcoin’s stern bull run, announced to halt its bitcoin futures. The underlying price of bitcoin futures has recently regained the momentum to hit back above $5.25k and signaling the upside momentum on the ascending price curve.
Currency Strength Index: FxWirePro's hourly BTC spot index is inching towards -145 levels (which is bearish), while hourly USD spot index was at 45 (mildly bullish) while articulating (at 08:44 GMT).
For more details on the index, please refer below weblink: http://www.fxwirepro.com/currencyindex


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