CME’s Bitcoin Option Launch May Possibly Destroy The Forthcoming Of Altcoin

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Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
CME’s Bitcoin Option Launch May Possibly Destroy The Forthcoming Of Altcoin

  • CME group is going to be first in the list of providing the Bitcoin option business, which is going to be one of the business platforms for Bitcoin.
  • CME open position in past few days have increased by 69% if compared with the previous year.
  • The liquidity of Altcoin is going to lower with the rate of time. Buying pressure will also be affected by the lack of liquidity in Altcoin.

Today, we likely going to have a Bitcoin futures-based option by CME group, and also they are going to be first in the list of providing Bitcoin option business, which is going to be one of the business platforms for Bitcoin. Till now, the status on the website is “coming soon,” but probably we can see this feature today if all goes well.

From the previous few years, CME Group is one of the most moving companies in the Cryptocurrency market. So as expected by the market analytics, this new launch is going to impact the much broader region in the Bitcoin market, and if everything goes in their place, we can observe the changes from today’s only.

CME open position in past few days have increased by 69% if compared with the previous year and looking from other different prospective CME group’s Bitcoin business option may result unexpected, especially in the case of Altcoin.

Recently one of the famous commentator and analyst Ceyeris paribus pointed out the CME group’s upcoming option could cause fall in “Altcoin” by saying:

“although people don’t have much feeling now when we see more products like Bitcoin. Options appear, the more bearish we are on most Altcoin, the fact before making this point is although very much evident by ceteris, he felt that “99% of Altcoin are Bitcoin quasi-derivatives”.

If the real Bitcoin derivatives appear in the crypto market, trading on those derivatives will be more than compared to others.

The volume of Altcoin is going to be a decline, which will go to play the role of “substitute Bitcoin derivatives,” and this will eventually going to trigger the prices down in the market.

The liquidity of Altcoin is going to lower with the rate of time. Buying pressure will also be affected by the lack of liquidity in Altcoin.

From a different perspective, Bitcoin’s new platform is going to provide significant support in making Bitcoin a mainstream financial asset. However, competition in the bitcoin options trading field is going to be increasingly fierce.

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