Bitcoin (BTC) futures for December 2021 are buying and selling round $10,000 above the present BTC spot worth, in response to information from Skew.
With the mixture worth of all Bitcoin futures reaching $14 billion final week, it’s secure to say that cryptocurrency derivatives are gaining important curiosity.
A futures contract permits its proprietor to buy the underlying asset at a pre-agreed worth at some specified time sooner or later, just like an choices contract. Nonetheless, with futures, the holder is obligated to make the acquisition.
Futures contracts are meant to guard oneself in opposition to future worth fluctuations, however naturally, these contracts may also be traded by speculators.
Crypto futures are solely obtainable on sure exchanges. Customers can commerce futures on standard Bitcoin platforms like Binance, Kraken, and Bitfinex.
Institutional-grade exchanges providing crypto futures, such because the Chicago Mercantile Trade (CME), or Bakkt, owned by the Intercontinental Trade (ICE), allow skilled merchants to have interaction with the crypto markets whereas decreasing the results of potential volatility
FTX and CoinFlex, are at the moment the one two that provide futures contracts so far as December 2021. As of writing, CoinFlex was providing the upper determine between the 2 exchanges at $60,250. December 2021 BTC futures on FTX had been buying and selling at $58,750 however had earlier peaked at $61,850.
One other trade, Deribit, supplied BTC futures for September 2021 at $56,200. Nonetheless, most exchanges the place crypto futures can be found solely supply futures as far forward as July 2021, in response to trade information aggregated by Skew.
Right this moment, Feb 16, BTC breached $50,000 for the primary time. That is largely attributable to rising institutional Bitcoin demand, particularly Elon Musk’s $1.5 billion BTC buy. If it continues rising at an identical fee because the crypto group has beforehand seen, $60,000 could seem to be a steal.
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