Battle of the Giants: Wearing for the Crypto Year 2020 ?!

November 27, 2019

It's no secret: The big players are expecting bullish times for Bitcoin in 2020 and are upgrading accordingly. Particularly aggressive: The Chicago Stock Exchange (CME) and the Bakkt platform, founded by the Intercontinental Exchange and the New York Stock Exchange (NYSE), among others. In addition, the last few days with the investment giant Fidelity, another heavyweight should enter the area that should not be underestimated.

CME and Bakkt: who is ahead?

The big ones are already preparing for the next rally 2020 and are rapidly expanding their range of crypto products! Above all, there are the Chicago Stock Exchange (CME) and Bakkt are currently running an exciting head-to-head race: Bakkt can record a new all-time high in Bitcoin futures traded almost every day (latest record volume: 20.3 million US dollars). After a weak start, the platform manages to gain more and more momentum and even beats the CME with the important introduction of Bitcoin options and will introduce the first regulated options on Bitcoin at the beginning of December 2019! The CME Group then followed suit and moved its own start date forward at least to the beginning of 2020.

Breaking News: Fidelity drives institutionalization

Far from options and futures, a new big player is now emerging with the investment giant Fidelity, which could shake up and completely redesign the market landscape, especially with regard to institutional investors.

The company manages assets of around 2.5 to 2.8 trillion US dollars and was named the third most influential company in the world economy in a study by ETH Zurich in 2011.

The American financial services provider announced last week that it had received permission from the New York Department of Financial Services (NYDFS) to offer customers trading in Bitcoin and a custody service in future. With this official approval, Fidelity is now able to provide a platform for digital assets as a service for institutional investors, with the aim of offering them more security and convenience in the crypto market.

As you can see, it remains interesting and the entire market is looking forward to 2020 with a very special excitement!