Bitcoin Needs ‘Real Use Cases’ to Become Digital Gold, Says ICE Chief
Bitcoin might become "digital gold," but first it needs to be used more in everyday business, said the Intercontinental Exchange's chief executive.
Richard Rosenblum, co-founder of GSR, points out the lackluster growth in listed options hides the real action taking place in OTC hedges.
Trading volumes in bitcoin options listed on the Intercontinental Exchange's Bakkt platform have completely dried up, even while CME’s options product is seeing strong interest.
Ether will face more volatility than bitcoin over the next six months, according to how options have been priced in recent weeks.
Open interest in bitcoin futures listed on the Chicago Mercantile Exchange (CME) have doubled in the first few days of the year, as noted by data analytics firm Skew.
The Chicago exchange has announced its highly-anticipated bitcoin options are now open for trading.