CME Bitcoin futures spike during US presidential election
As ballots poured in on the night of the United States presidential election, traders piled in and out of positions on the CME. As votes came in on the night of Nov. 3, the day of the U.S. presidential election, Bitcoin's (BTC) volume soared on the Chicago Mercantile Exchange, or CME. "Overnight, before 9:00am NYT over 6,700 Bitcoin futures contracts traded (33,500 equivalent Bitcoin), 75% more than what has been observed YTD [year-to-date] and more than double the volume observed since launch," a CME Group spokesperson told Cointelegraph on Wednesday.6,700 BTC CME Bitcoin futures....
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While the United States prepares for the results of the 2020 Presidential Election, a number of data points and traders expect some significant cryptocurrency price fluctuations this week. Statistics from skew.com show bitcoin’s 30-day implied volatility has increased to 59% while 3-6 month stats jumped over 62%. The digital currency economy is hovering at around $388 billion, which is a giant jump from where it was during the last U.S. election in 2016. For instance, during the 2016 presidential race, the price of bitcoin (BTC) was around $709. Since then the crypto-asset BTC has....
Crypto-powered election futures have seen a wild 24-hours of trade, with decentralized platforms Augur and Polymarket posting record volumes. The 2020 U.S. presidential election has driven significant action across crypto-powered predictive markets.Ethereum’s co-creator Vitalik Buterin took to Twitter during the counting of votes to praise the success enjoyed by crypto-powered prediction platforms amid the election season, stating:“Regardless of who wins from here, I definitely think that the prediction markets have proven themselves more accurate than the polls/models this time....
It’s election season and now it’s time to get active: betting on the 2016 Presidential election in bitcoins is a thing! It’s going to be a wild one, so buckle up. There are still numerous events forthcoming before the election on November 7. Things could change. In the meantime, we laid out the best places on the web to profit off the US election by placing bets in bitcoins. We should note: don’t gamble away more than you afford to lose. Read on to see the insights given by the current odds for the 2016 presidential election. Fairlay – This prediction market for Bitcoin offers an enticing....