JP Morgan Chase bank, the largest bank in the United States with total assets of US$2.765 trillion, has stated that it anticipates good response to CME Group'sBitcoin (BTC) options trading when it is launched for clients on January 13.
Intercontinental exchange's Bakkt has already launched options last month but the volumes and open interest on them have been "rather small", wrote JPMorgan's strategists led by Nikolaos Panigirtzoglou in a note on January 10. Given the dominance of CME in trading Bitcoin futures on regulated exchanges, this new offering may change things, they said.
Panigirtzoglou said there "has been a step increase in the activity of the underlying CME futures contract", in the days leading up to the launch of options trading, culminating in a 69 percent increase from the end of 2019.
As reported, CME Group is adding bitcoin options based on its existing bitcoin futures contracts. When ICE debuted its physically settled futures contracts, Bakkt in September the prices fell that time too.
Data from CME's official website confirmed the successful rollout on January 13, which began as scheduled and ultimately saw 55 contracts change hands.
Bitcoin was up 2.1 per cent to $8,209.42 as of 11am in Hong Kong, according to Bitstamp pricing, near its highest levels since mid-November.
The JP Morgan report also states the intrinsic value for bitcoin has been on a steady rise for a while now but always at a threshold below the market price. But "the gap has not yet fully closed, suggesting some downside risk remains".
Since last week, the price of Bitcoin has risen 15% and the volume, according to one report from a cryptocurrency research firm, has almost doubled, boding well for bulls if momentum can be maintained.
The investment banking giant calculates the intrinsic value of bitcoin by treating it as a commodity and looking at the marginal cost of production including computational power employed and electricity cost, per the report. We hope that we have succeeded by giving you the full details and information.
The last time an actor has earned two nominations for acting in the same year was in 2008 when Cate Blanchett achieved the feat. Speaking to reporters, the President of ABC Television Entertainment in the US, Karey Burke, said: "Let me confirm it now".
The first announcement stated that the ruling had been upheld. "My guys were just telling me it was short", Carroll said. Indeed, that will be one of the questions of the offseason, why Seattle so often had to show its resiliency.
She said, "Most people want to connect in this romance thing, and that's just because they don't have the story". It was him too, ' she said. "You know, he wasn't going to speak to me if I wasn't going to speak to him".
Martin Scorsese, up for best director for " The Irishman ", is the most nominated living director with nine. Green Book was named best picture , while Britain's Olivia Colman won best actress for The Favourite.
Les deux acteurs viendront présenter le film: " Je voudrais que quelqu'un m'attende quelque part ", un film de Arnaud Viard. Pierre Rosanvallon , pour son livre " Le siècle du populisme " aux éditions du Seuil.
Tanganga's contract is due to expire in the summer, though the club are understood to have an option that they are yet to trigger. Andy Robertson said the charges against the unbeaten Premier League Liverpool driven by the sacrifices they make off the field.
Cricket has a long history of organising charity games to raise money for victims of significant natural disasters. More former cricketers are expected to join the 10 former players who will be a part of Bushfire Bash.
How Syracuse beats the Cavaliers: Syracuse needs to find ways to score and that's easier said than done against Virginia. At times the rock fight of a game looked more like a noon Big 10 football game than it did a basketball game.
Oscars 2020: A List Of Snubs, Topped By Jennifer Lopez
Fans of Joker will definitely be pleased with the list, as the movie netted itself 11 nominations. 1917 and Once Upon a Time ... Following the results of this year's selection, the United Kingdom academy announced it would be reviewing its voting process.
Un enfant tue sa prof avant de s'ôter la vie
Le président mexicain, Andrés Manuel Lopez Obrador, a présenté ses condoléances aux familles des victimes. Tous les blessés ont été transférés dans un hôpital voisin. "Le garçon vivait avec sa grand-mère".
Black Widow new teaser: It is Natasha vs Taskmaster
The trailer for Scarlett Johansson's upcoming film debuted past year and gave us a few ideas as to what to expect from it. Titled as special look, the Scarlett Johansson starrer reinforces the thought that Black Widow will be high on action.
Trump defends decision to kill Soleimani
According to the US Constitution, the authority to direct military action is divided between Congress and the president. My wife said our embassies are under threat? Yes. "I shared that view", Esper said.
Geely in talks to pump cash into Aston Martin: FT
According to Reuters, amid rumours emerged of a significant growth in the value of shares of Aston Martin . Apparently "preliminary discussions" have taken place, though Geely has thus far refused to comment.