You can now practice trading CME bitcoin futures
Wannabe bitcoin futures traders can give the market a
try with a new simulation tool.
CME Group added the free tool to its CME Institute
suite to help educate investors about the new
CME launched bitcoin futures earlier this
Wannabe bitcoiners now have a way to try their hand at CME
Group’s bitcoin futures market without any risk.
CME recently added a bitcoin futures simulation to its CME
Institute suite of trading simulation tools. The point of the
free tool is to help educate people about how bitcoin futures
work. CME tweeted about the new
feature on Wednesday:
CME launched its
futures market, which allows investors to bet on the future
price of the red-hot coin,
on December 18. Cross-town rival Cboe Global Markets launched
its own bitcoin futures market
earlier in December.
The new markets have further unleashed bitcoin onto mainstream
financial firms. Brokerages TD Ameritrade and E-Trade now allow
clients to trade the product on their platforms. A number of
market-making firms such as DRW, DV Trading, and Akuna Capital
are providing liquidity to the markets.
Still, interest in the market from investors remains low.
Volume for CME’s futures contract set to expire in January is
just 723 at midday on Friday while Cboe’s is a bit higher at
3,144. By way of comparison, front month gold futures volume is
158,000, according to Bloomberg data. Volumes are typically muted
during the holidays.
Of course, bitcoin futures trading is still in its infancy. As
investors become more comfortable with the product and it becomes
more established they may decide to jump on board.
Get the latest Bitcoin price here.>>