Trading of institutional Bitcoin investment products are rising against U.S.-based crypto exchanges as a percentage of total trading volume.
Trading of institutional Bitcoin (BTC) investment products have seen growth for the fourth month running, and are rising against United States-based crypto exchanges as a percentage of total trading volume. The news was revealed in a new report from weekly crypto outlet Diar on April 8.
Diar’s data reveals that month-on-month, the percentage that institutional BTC products account for out of total Bitcoin trading volumes has continued to steadily grow, with 15% in January 2019, 17% in February, 18% in March and now 19% in April.
Diar’s data notably focuses on three institutional products — Chicago Mercantile Exchange (CME) Bitcoin futures, Chicago Board Options Exchange (CBOE) Bitcoin futures and Grayscale’s Bitcoin Investment Trust (GBTC).
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