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Closing the gap: The effect of CME Bitcoin futures on Bitcoin price – Cointelegraph

Although CME’s Bitcoin futures trading products do not deal in actual Bitcoin, they indirectly affect the open market price.

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The price of one actual Bitcoin on the open crypto market, known as spot BTC, fluctuates based on a countless number of factors, such as trading volume, usage and adoption. However, other catalysts affect the asset in a roundabout manner. Cash-settled Bitcoin futures trading products from the Chicago Mercantile Exchange stand as one arguable highly referenced indirect element contributing to Bitcoins (BTC) price direction. 
The Bitcoin derivative products offered by CME are simply a vehicle for…

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