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World’s Oldest Operating Crypto Exchange Forecasts Trends For 2021

At the beginning of 2021, the world’s oldest cryptocurrency, Bitcoin, has seen an all-time high of over $40,000 on 8 January 2021, which is not surprising, since institutional investors as well as high-net-worth individuals consider BTC as a hedge against extraordinary fiscal stimulus programs. Here is an AMA summary from Chief Research Officer, Dan at BTCC.

ETH Price Prediction in 2021

The world’s largest financial derivatives exchange, CME Group, announces its ETH derivative product will go live on February 2021, following the launch of Bitcoin derivative product. It means Ethereum will be considered as a financial product, and will be regulated by the Commodity Futures Trading Commission (CFTC). We expect that the launch of ETH derivative product next year will bring more institutional funds into the market, thus the price of ETH is very likely to see a massive rise.

Growing Number of Institutional Players Entering the Crypto Market

The year of 2020 also has seen numerous examples of institutional investors turning their attention to the world’s most popular cryptocurrency. For example, one of the largest insurance firms, MassMutual, has purchased $100 million of Bitcoin on December 2020.

We expected to see the crypto market to rise from the end of 2020 to 2021. The difference between the bull run this year to the one in 2017 is that previous bull was driven by individual investors and some whales. However, the bull run this year is mainly driven by institutional investors pushing the price up.

Top 10 Cryptocurrencies to Look Out for in 2021

The major theme of crypto market next year will be around DeFi, Polkadot, and ETH 2.0, therefore we will expect ETH remain unchanged at the top 2. While XRP, BCH, LTC and EOS are not what the market needs for next year, we expect to see these coins fall out of their current ranking.

Here is a prediction of crypto ranking in 2021 by Dan: BTC, ETH, USDT, LTC, XRP, BNB, LINK, UNI, DOT, BCH.

BTCC currently offer 9 major cryptocurrency trading pairs including Bitcoin (BTC), Ethereum (ETH), Litecoin (LTC), Bitcoin Cash (BCH), EOS (EOS), Ripple (XRP), Stellar (XLM), Dash (DASH), and Cardano (ADA). Users can trade Bitcoin with leverage.

About BTCC

Founded in 2011, BTCC is the world’s longest-running crypto exchange and currently headquartered in the UK. With nearly 10 years of operating history, BTCC is known for its safe and stable, top-end market depth, and as well as faster transaction speed. 

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Ether Futures Contracts Coming In February

The CME Group, a leading global commodities exchange company has announced the introduction of an ether futures contracts on February 8th, 2020 at 16:00 (BST). Each ether futures contract will have 50 units of each and each contract will trade between 5:00 a.m. and 5:30 p.m. CMT from Sunday to Friday. The contracts will utilize the CME CF trading index from CF Benchmarks, an eco indices service approved by the Commodity futures Trading Commission (CFTC). The CME’s ether futures contracts are accessible to CFD trading clients who have an account with the company or through its Web portal.

The CME is the platform for the execution of CFD trading, which is facilitated by CFD Trading Commission, which is controlled by New York Stock Exchange. According to ether future contracts’ overview, the CME’s ambition is to provide institutional investors with reliable, transparent and fast-priced markets which can be accessed 24 hours a day. Since CFD trading is an unregulated market, institutional investors will play a vital role in shaping and molding the future of this trading market. In order to take advantage of the opportunities offered by ether futures contracts, institutional investors have decided to purchase these contracts using margined trading platforms.

In their opinion, the high trading volumes to be synonymous with institutional trading. They also believe that future trends are predicted with a high degree of accuracy. Moreover, they feel that the transparency and credibility of the CME’s pricing data will provide investors with significant insight into the ongoing crypto trends. To conclude, they consider that the prices of ether will likely follow the trends that the CME is following and are predicting.

Ethereum futures contracts