When did Bitcoin futures start?

Bitcoin futures were launched by the Chicago Mercantile Exchange on December 11, 2017, aiming to meet the needs of hedging risks, providing market liquidity, attracting institutional investors and improving regulatory recognition. Its launch has had a significant impact on the market, including price stability, increased trading volumes, institutional adoption and an improved regulatory environment.

Origin of Bitcoin Futures

Bitcoin futures are a financial instrument that allow traders to buy and sell Bitcoin at a specific date and price in the future. Its emergence marks the maturity of the Bitcoin market and the increase in institutional participation.

The first launch of Bitcoin futures dates back to December 11, 2017. At that time, the Chicago Mercantile Exchange (CME) was the first to launch Bitcoin futures contracts. Subsequently, other major exchanges, such as the Chicago Board Options Exchange (CBOE) and the New York Mercantile Exchange (NYMEX), also launched their own Bitcoin futures contracts.

REASONS BEHIND THE LAUNCH

Bitcoin futures were launched for several main reasons:

• Hedging Risk: Futures contracts allow investors to hedge the risk caused by Bitcoin price fluctuations.
• Provides Market Liquidity: The futures market increases Bitcoin’s trading volume and liquidity, making it more attractive.
• Attract institutional participation: Futures contracts comply with the risk management practices of institutional investors, making them more willing to participate in the Bitcoin market.
• Regulatory Approval: Regulated Bitcoin futures provide legitimacy and credibility to the asset class.

Impact

The launch of Bitcoin futures has had a major impact on the market:

• Price Stability: The futures market has helped calm price fluctuations as traders can hedge risks.
• Increased trading volume: Futures contracts have significantly increased Bitcoin trading volume.
• Institutional Adoption: The launch of the futures market attracted many institutional investors into the Bitcoin market.
• Regulatory Environment: Regulated futures contracts enhance Bitcoin’s regulatory framework.

Bitcoin (BTC) Price Update

As of now, the price of Bitcoin (BTC) is $64,876.29, with a 24-hour trading volume of $37.734 billion.

Latest Changes

BTC is up 1.28% in the past 24 hours, indicating that buying pressure is building. This growth is likely due to renewed interest in digital assets and support from major institutional investors.

Reasons for Price Changes

• Economic Uncertainty: Uncertainty in the global economy has led investors to turn to safe-haven assets such as Bitcoin.
• Institutional Adoption: More and more institutional investors are incorporating Bitcoin into their portfolios, increasing demand.
• Technological breakthroughs: Bitcoin’s underlying technology continues to innovate, improving its security and efficiency.

Future Outlook

The short-term outlook for BTC is bullish as technical indicators point to potential continued growth. However, the cryptocurrency market is known for its volatility, so caution is advised.

It is recommended

• to do your own research before investing.
• Only invest money you can afford to lose.
• Leverage volatility with DCA (DCA) investing.
• Monitor market dynamics and adjust your strategy accordingly.

Short-Term Forecast

In the short-term, BTC is expected to maintain its bullish momentum but may face some volatility. Prices are expected to continue rising, but the direction may be affected by changes in market scenarios.

Indicators

• Price: $64,876.29
• Trading Volume (24 hours): $37.734 billion
• Price Change (24 hours): +1.28%
• Circulation Volume: 19,726,868 BTC
• Maximum Supply :21,000,000 BTC
• Circulation market capitalization: $1.28 trillion USD

The above is the detailed content of When did Bitcoin futures start?. For more information, please follow other related articles on the PHP Chinese website!