CME Bitcoin futures open interest hits 8-month high

What are bitcoin futures and CME?

A futures contract is an agreement to acquire or sell an asset at a certain price in the future. Once a contract is signed, the parties must follow through on its conditions regardless of the market price on the futures’ expiration date. Long and short positions are also available with futures contracts, using the leverage effect if needed. Futures, on the other hand, were originally developed as a tool for hedging price risks. Thus, by using this kind of derivatives, you can limit the risks of negative price movements.

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BIT4YOU.io

BIT4YOU.io

bit4you is an european crypto exchange platform. We are facilitating the transition between crypto currencies and traditional currencies such as euro.