Some of the leading companies in the financial industry, including Societe Generale and the London Stock Exchange, have partnered to study the potential use cases of the blockchain technology.
Considering the fact that the crypto industry has been on a general bullish run recently, it is possible to assume that the value of Ethereum would break the $2000 level even before the end of the week.
The CME Group’s Ether Futures is one of the many crypto products set to go live in 2021.
While the entire investing terrain seems marred by the COVID-19 pandemic, there are some stocks that still attract investors.
Renaissance, which had nearly $166 billion in regulatory assets under management at the end of 2019, has “permitted” the Medallion fund to enter the Chicago Mercantile Exchange’s (CME) cash-settled Bitcoin futures market.
The CME Group board of directors nominee has suggested that venturing into Bitcoin mining will help to create additional revenue streams for the shareholders.
The NYSE is closing its physical trading floor for the first time in its history independently from the electronic trading which is going on. This closure is intended to remain temporary until things change.
The Chicago trading floor is set to close on Friday, the 13th of March 2020, due to COVID-19 risks. The decision has been revealed by the CME Group.
Bitcoin options market is rising, per the crypto analytics firm Skew, with a massive money inflow from institutional investors. Yesterday, the volume of crypto derivatives trading was only increasing, reaching the level of almost $200 million.
The market bounce at the beginning of the week was partly driven by expectations that the Federal Reserve would step in to mitigate the coronavirus impact by cutting the key interest rates.
According to the statistical data from the CME Bitcoin futures market, BTC may continue rising despite the current pullback.