Bitcoin Forum

Bitcoin => Bitcoin Discussion => Topic started by: indexprotocol on October 01, 2019, 08:16:30 AM



Title: About regulated BTC derivatives. Not a Bakkt only!
Post by: indexprotocol on October 01, 2019, 08:16:30 AM
Bakkt only? No! 10 exchanges has been regulated and get access to trade full-regulated BTC-based derivatives (futures, but day ahead swap at LedgerX, forwards at TeraExchange).

Kraken Futures (ex. CryptoFacilities) represent other products - ETH, LTC, XRP and BCH futures contracts.

Most of all exchange regulated under US law, two licensed at UK (CryptoFacilities and LDX - London Derivative Exchange) and one at UAE (Dubai-based BTSE exchange).

24h Total volume: ~ 190M USD, Open interest: ~110M USD.

Data availability is a pain questions at now - only CryptoFacilities and BTSE have a public API, LedgerX has limited data reports (but BTSE dont published open interest metrics). Now we are discussed with other exchanges to access it's data API.

https://contractmarketcap.com/images/reg_btc_overview.png


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: Mandoy on October 17, 2019, 10:31:32 AM
This is a nice news for me and the bitcoin community. I did not have any idea that there are websites that offers bitcoin futures aside from Bakkt. Bakkt have been controversial and became famous no wonder it becomes a hot topic only to find out that there are also 9 other exchanges that were offering the same as bakkt. I hope this news will spread so that people will not think that only bakkt have been engaging in bitcoin futures.


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: th3nolo on October 17, 2019, 03:07:35 PM
It seems to me that you are doing a good job, I have personally recommended your website to all my friends who are traders.

Since I found your website, by the way, was in this forum, you have made several changes for the better.

I see you still have the subdomain test.#yourwebsite#, when are we going to see the official version running on your main domain?


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: indexprotocol on October 20, 2019, 06:57:47 PM
It seems to me that you are doing a good job, I have personally recommended your website to all my friends who are traders.

Since I found your website, by the way, was in this forum, you have made several changes for the better.

I see you still have the subdomain test.#yourwebsite#, when are we going to see the official version running on your main domain?

Lot of thanks about feedback. Now we are performing big updates of the platform and first production-ready release, will be available ~ETA 1month. Stay tuned!


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: indexprotocol on November 04, 2019, 03:21:56 PM
Regulated derivative market show grows! Isn't as all crypto, but...

  • Bakkt has >1M 24h turnover (with 5 products: Nov, Dec 19 and Jun, Feb, Mar settlement contracts)
  • BTSE (UAE regulated) rush to top with ~45M$
  • Kraken Futures (ex. Cryptofacility, UK-regulated) with up to 40M$ turnover
  • USA-based LedgerX has 450K$ turnover
  • CME 400+K volume

Total turnover: ~82M $ and Open Interest has 93M $.

https://contractmarketcap.com/images/media/btc_regulated_04112019.png

P.S. Are you interested in daily reports about regulated BTC market overview?


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: Pearls Before Swine on November 04, 2019, 04:04:36 PM
I think it's great that these derivatives are being offered, as I'm sure there are traders who would prefer to deal with them rather than buying huge amounts of any given crypto, but I don't think they're aimed at small traders, do you? 

Options and futures are kind of designed for investors with very deep pockets, and that excludes many of us here who would probably rather own some bitcoin and hold onto it in a wallet than speculate on its price using derivatives.  As I said, I'm all for these instruments being available and the more of them that exist, the better it is for traders...but I wouldn't be trading them.  Ever.

P.S. Are you interested in daily reports about regulated BTC market overview?
Yeah, why not?


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: indexprotocol on November 04, 2019, 05:11:42 PM
I think it's great that these derivatives are being offered, as I'm sure there are traders who would prefer to deal with them rather than buying huge amounts of any given crypto, but I don't think they're aimed at small traders, do you? 

I think, Bakkt and CME - for professionals (funds and institutionals) but BTSE and, in most, Kraken Futures - for retails and small-cap professionals. From 100$ to 10K$ deposits. LedgerX for middle-class traders, 25K+ deposits.


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: omfg.xekcep on November 04, 2019, 05:59:46 PM
Bakkt only? No! 10 exchanges has been regulated and get access to trade full-regulated BTC-based derivatives (futures, but day ahead swap at LedgerX, forwards at TeraExchange).
https://contractmarketcap.com/images/reg_btc_overview.png

Assuredly this information is quite useful for some members however it would be much more useful if someone gathered this information in the comprehensive table also having added typical spreads in order books, liquidity, fees per a transaction and other conditions.
Unfortunately I am an inexperienced person on trading crypto derivatives but it seems to me that this field does not have too many professionals and it is still possible to become a foreman in this sphere.


Title: Re: About regulated BTC derivatives. Not a Bakkt only!
Post by: indexprotocol on November 04, 2019, 06:15:01 PM
Assuredly this information is quite useful for some members however it would be much more useful if someone gathered this information in the comprehensive table also having added typical spreads in order books, liquidity, fees per a transaction and other conditions.
Unfortunately I am an inexperienced person on trading crypto derivatives but it seems to me that this field does not have too many professionals and it is still possible to become a foreman in this sphere.

Lot of thanks about feedback!

Yes, we plan to add others info, including orderbook, latest trades, funding rate, deposit/withdrow fee, taker/maker fee, spread and some tech analyses into index and contracts price charts. Not commited, but i think, personally, this will be complated for the end of Q1'20. All of this is in our roadmap.