🚀 CME Group Introduces New Bitcoin Volatility Index
#CMEGroup #BitcoinVolatilityIndex #Bitcoin #MicroBitcoin #Volatility #RiskManagement #OptionsPricing #VIX #CFBenchmarks #Cryptocurrency #FinancialMarkets #BVX #BVXS #BTC
According to ChainCatcher, CME Group has announced the launch of a new Bitcoin Volatility Index to measure market uncertainty. This index, which draws on the implied volatility of Bitcoin and Micro Bitcoin options, is designed to enhance options pricing and risk management, similar to the VIX in the stock market.
The Bitcoin Volatility Benchmark, developed in collaboration with CF Benchmarks, includes the real-time index BVX and the settlement index BVXS. These are the first benchmarks to directly measure 30-day forward implied volatility, derived from the CME Bitcoin and Micro Bitcoin options order book. The indices use variance swap pricing to isolate volatility exposure. BVX is published every second during trading hours, while BVXS is released at 16:00 London time.#CMEGroup #BitcoinVolatilityIndex #Bitcoin #MicroBitcoin #Volatility #RiskManagement #OptionsPricing #VIX #CFBenchmarks #Cryptocurrency #FinancialMarkets #BVX #BVXS #BTC
🚀 CME Group Reports Surge in Cryptocurrency Contract Trading Volume in March
#CMEGroup #Cryptocurrency #TradingVolume #BitcoinFutures #EthereumFutures #MicroBitcoin #ContractTrading #RecordVolume #CryptoMarket #FuturesTrading #BTC #ETH
CME Group has announced a significant increase in the average daily trading volume of cryptocurrency contracts for March, reaching 210,000 contracts with a nominal value of $7.98 billion. According to ChainCatcher, this marks a 19% growth. The micro Bitcoin futures saw a 6% rise in average daily contract trading volume, reaching 77,000 contracts, while Ethereum futures experienced a 53% increase, with 19,000 contracts traded daily.
Additionally, the overall average daily trading volume on the CME platform reached 41.1 million contracts in March, setting a new monthly record with a 33% year-over-year increase. The first quarter also saw a record high, with an average daily trading volume of 36.2 million contracts, reflecting a 22% year-over-year growth.#CMEGroup #Cryptocurrency #TradingVolume #BitcoinFutures #EthereumFutures #MicroBitcoin #ContractTrading #RecordVolume #CryptoMarket #FuturesTrading #BTC #ETH