Bitcoin [BTC]: CME Group posts losses in Q1 of 2019 as Bitcoin [BTC] futures plan continue unhindered

2019-5-2 18:00

The involvement of institutional investors and organizations in the cryptocurrency space has catalyzed and spurred mainstream adoption. One such organization is the CME Group, which was recently in the news after it released its Q1 report. The report stated that the company suffered a drop in first quarter earnings, partly due to the volatility in the markets towards the end of 2018.

The report stated that the total income fell to $496.9 million, from a peak of $598.8 million it held during the last quarter. The report also touched upon the fact that CME shares lost about 4.9 percent, since the start of 2019 as compared to the 17.5 percent gain among S&P 500 markets. The earning report elucidated that profit margins had decreased because of increased spending in the last quarter.

CME was in the news recently after it assured users that there were no changes to its proposed Bitcoin futures contract. Doubt in the market rose because CBOE, CME’s closest competitor, announced that they would be reconsidering their futures project. In a notice to all its investors, CME said,

“CFE is assessing its approach with respect to how it plans to continue to offer digital asset derivatives for trading. While it considers its next steps, CFE does not currently intend to list additional XBT futures contracts for trading.”

Market analysis showed that CME’s better performance, when compared to CBOE, may have been because of the difference in approach, as well as treatment of the product. Lanre Sarumi, Chief Executive Officer of Level Trading Field, a crypto asset derivative exchange, stated previously,

“Connecting to both CME and Cboe is expensive. If you are already trading other products on an exchange, then there is no new cost. If not, you must pay for connectivity, software license, market data, cross connects etc.  — all that just to trade one new product?”

The post Bitcoin [BTC]: CME Group posts losses in Q1 of 2019 as Bitcoin [BTC] futures plan continue unhindered appeared first on AMBCrypto.

origin »

Bitcoin (BTC) на Currencies.ru

$ 82108.85 (+0.46%)
Объем 24H $30.386b
Изменеия 24h: -2.31 %, 7d: -6.19 %
Cегодня L: $80441.76 - H: $82217.47
Капитализация $1628.76b Rank 1
Цена в час новости $ 5488.94 (1395.9%)

bitcoin btc cme group unhindered report continue

Источник: ambcrypto.com

bitcoin btc → Результатов: 126


Фото:

El Salvador Buys The Dip Scooping Up 5 BTC — Despite IMF Pressure To Back Off Bitcoin

El Salvador bought a further 5 BTC for its national reserve, worth roughly $415,000, as the top crypto nosedived to sub-$83,000 on Monday, reversing Sunday’s price rally to $95,000. Continuing A Bitcoin Purchase Streak According to the El Salvador National Bitcoin Office, the Central American nation purchased 5 BTC, which is four more than its […]

2025-3-5 21:15


Bitcoin Market Dominance Faces a Challenge as This AI Altcoin is Set for 22,000% Gains

Many were left stunned after seeing Bitcoin (BTC) achieve milestone upon milestone but witnessing altcoins like Ethereum (ETH), Ripple (XRP), and Cardano (ADA) fail to pump by a meaningful amount. Now, after three straight months of Bitcoin (BTC) dominance, it seems the altcoin market is ready to push back with a major inflow of investments [...]

2025-2-12 02:00


MicroStrategy Strikes Again: $100 Million Bitcoin Purchase Signals Strong Market Confidence

MicroStrategy, the major enterprise software company that has evolved into a Bitcoin (BTC) investment platform, has captured attention once again with its latest purchase of $101 million in BTC. The company, led by chairman and co-founder Michael Saylor, has committed to utilizing perpetual preferred stock, common shares, and debt to fuel its ongoing Bitcoin purchasing strategy.

2025-1-7 06:00


Фото:

El Salvador now holds 6,000 BTC: can Bitcoin success story sustain?

El Salvador, the pioneering nation that made Bitcoin legal tender in 2021, has surpassed 6,000 BTC in its treasury, valued at $561.3 million as of the latest update. This milestone represents not only a strategic accumulation effort but also a bold economic experiment under President Nayib Bukele’s leadership. With a 105% unrealised return on its […]

2024-12-30 09:51


дальше еще 77 новостей →

Партнеры Currencies.ru



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Ethereum faces heavy sell-off - So how are investors still holding strong?

Ethereum's net taker volume remained deep in the red, signaling sustained sell pressure over the past few months. Despite the selling pressure, the total number of ETH holders continued to incrThe post Ethereum faces heavy sell-off - So how are investors still holding strong? appeared first on AMBCrypto.