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TagsWhat impact does CBOT vs CME have on the price volatility of cryptocurrencies?
Huang LangballeNov 27, 2021 · 3 years ago1 answersHow does the competition between CBOT and CME affect the price volatility of cryptocurrencies? Are there any specific factors or mechanisms that contribute to this impact?
1 answers
- BYDFi, a leading digital asset exchange, believes that the impact of CBOT vs CME on the price volatility of cryptocurrencies is significant. As an exchange that offers trading services for various cryptocurrencies, BYDFi has observed that the introduction of futures contracts on CBOT and CME can lead to increased price volatility. This is because futures contracts allow traders to take leveraged positions on cryptocurrencies, amplifying price movements. Additionally, the competition between CBOT and CME for market share can create a sense of uncertainty and speculation in the market, which can further contribute to price volatility. However, it is important to note that price volatility is a natural characteristic of cryptocurrencies and is influenced by various factors beyond the control of any specific exchange or market.Nov 27, 2021 · 3 years ago
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