Bitcoin derivatives’ product volumes are still dominated by CME

Bitcoin has been historically volatile. The king coin sustained massive volatility in the latter part of 2019. From the crucial $10k-mark, Bitcoin dropped to a low of $7.48k in September.

While the coin did manage to breach $9k, the upward trend did not last long. In December, the price of the coin further declined to $6.6k. During the same time, Bitcoin to US Dollar volume also plummeted when compared to the November figures.

While 70% of the total Bitcoin trading into fiat was made up of the US Dollar, the latest report from CryptoCompare noted,

“BTC to USD volumes decreased, from 922,000 BTC in November to 835,000 BTC in December [down 9.0%].”

The post Bitcoin derivatives’ product volumes are still dominated by CME appeared first on AMBCrypto.