The trading volume of bitcoin futures on CME and Cboe fell to December 2017 values of

TradeBlock researchers have concluded that investor interest in bitcoin futures on the US stock exchanges CME and Cboe is gradually fading.

We published a new report analyzing #bitcoin futures trading activity on the past year: https://t.co/3udwo6wQie pic.twitter.com/uMBDffnsnx

– TradeBlock (@TradeBlock) 7 February 2019 p.

Regulated futures contracts were launched almost overnight – in December 2017, when the price of the underlying asset was at peak levels. Despite the gradual decline in activity on spot cryptobirds, the volume of trading in bitcoin futures has been growing for some time.

In August 2018, the cumulative bitcoin-futures trading volume almost reached parity with the turnover of five large spot cryptobirds. However, after that the turnover at CME and Cboe declined, up to December 2017 marks.

The graph below shows how Cboe gradually loses market share, yielding to the Chicago Mercantile Exchange (CME):

The following chart shows the dynamics of trading volumes on five popular spot cryptobirths – Coinbase, ItBit, Kraken, Bitstamp and Gemini:

As the Bitcoin price fell, the trading volume on these trading floors also declined. During the period from January to October 2018, the turnover of the stock exchanges fell by about 85%. Then, some revival of activity occurred in November and December last year.

This graph is closely correlated with the dynamics for the bitcoin request in the USA:

Google Trends service

However, it is interesting that the popularity of bitcoin futures increased in the period between December 2017 and August 2018:

The light blue color denotes the Cboe exchange, the blue is CME, the dotted line indicates the price of Bitcoin

After August last year, the futures trading volumes were steadily falling, the exception was only November. And last December, the turnover on CME and CBOE fell to the lowest levels since the launch of Bitcoin futures.

The following chart shows that in the middle of last year, the trading volumes of bitcoin derivatives almost reached parity with five spot crypto-bills:

According to analysts, it will be interesting to observe the dynamics of the volume of trading in bitcoin futures when they appear on new platforms – Bakkt , ErisX , and CoinFLEX . Note that on these sites will be presented the supply contracts, involving the sale of physical assets, and not just speculation on its price.

Recall, recently BlockchainJournal has published a training material on how to predict the price of bitcoin on futures reports.

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