Last month, cryptocurrency futures contracts offered by the Chicago Mercantile Exchange (CME) reached a trading volume of $59.6 billion. While BTC futures made up the majority of the trading volume, their newly launched ETH futures contracts reached $1 billion.

JPMorgan Private Bank has distributed an educational deck helping clients understand bitcoin and cryptocurrencies. The deck was distributed to clients as bitcoin’s price rally drew attention from financial institutions and investors.

Hong Kong-listed firm Meitu, which makes image and video processing software, has purchased $22 million of ether (ETH) and $17.9 million of bitcoin (BTC), making it the first firm to disclose a major purchase of ether for its treasury.

Sponsored: NSFX.Ltd, which owns the NSBroker brand, was founded in 2011. It has a long track record in the industry as a reliable intermediary, providing favorable trading conditions to its users.

Top stories in the Crypto Roundup today:

• CME’s Crypto Futures Volume Neared $60 Billion in February
• JPMorgan Distributes Report on Digital Assets to Private Clients
• Hong Kong-listed Software Firm Meitu Buys $22 Million of Ether, $17.9 Million of Bitcoin
• Daily Movers – ENJ, YFI, MANA
• NSBroker Review: The Platform that Helps Traders Improve

CME’s Crypto Futures Volume Neared $60 Billion in February

Last month, trading volume of cryptocurrency futures contracts offered by the Chicago Mercantile Exchange (CME) reached $59.6 billion. While BTC Futures made up the majority of the trading volume, the newly launched ETH futures reached $1 billion.

CryptoCompare’s February 2021 Exchange Review reveals CME’s bitcoin futures trading volume increased by 16.9% to $58.6 billion. The trading platform’s average open interest for BTC futures increased by 23% to $2.5 billion last month, while its ETH futures open interest averaged $61.2 million.

CME’s ETH futures’ trading volume reveals significant interest in the second-largest cryptocurrency by market capitalization. Derivatives trading volumes decreased by 0.3% last month to $2.89 trillion. Binance was the largest derivatives trading platform by trading volume after trading $1.06 trillion that month. It was followed by OKEx, which traded $525 billion, and Huobi, which traded $399 billion.

Spot trading volumes increased by 17.2% last month to $2.74 trillion, according to CryptoCompare’s report. This means the derivatives market represents 51.3% of the total crypto market, down from 55.3% in January.

JPMorgan Distributes Report on Digital Assets to Private Clients

A new educational deck created by JPMorgan Private Bank helps clients understand bitcoin and cryptocurrencies. The deck was distributed to clients as bitcoin’s price rally drew attention from financial institutions and investors.

The deck covers major topics to help investors better understand digital assets. It includes information on bitcoin basics as well as the implications of holding BTC in a portfolio. Distributed for “informational purposes only,” the report came with a disclaimer: “J.P. Morgan Securities LLC does not endorse, advise on, transmit, sell or transact in any type of virtual currency."

JPMorgan Private Bank requires a minimum balance of $10 million to open an account, and the report shows how the banking giant is responding to high net worth clients’ growing interest in digital assets.

The bank also broke down commonly used metrics used to value digital assets that “suggest significant upside is possible.”

Hong Kong-listed Software Firm Meitu Buys $22 Million of Ether, $17.9 Million of Bitcoin

Hong Kong-listed firm Meitu, which makes image and video processing software, has purchased $22 million of ether (ETH) and $17.9 million of bitcoin (BTC), making it the first firm to disclose a major purchase of ether for its treasury.

In total, Meitu acquired 15,000 ETH and 379.1 BTC in open market transactions. The purchases were under previously board-approved terms that could see the company invest as much as $100 million in crypto. The investment would be financed by its cash reserves other than any remaining proceeds from its 2016 IPO.

The company said buying digital assets helps diversify its holdings away from cash, and added:

“More importantly, the Board considers this a demonstration to investors and stakeholders that the Group has the vision and determination to embrace technological evolution, and hence preparing its foray into the blockchain industry."

Meitu is now evaluating the feasibility of integrating blockchain technology into its overseas business and launching decentralized applications on Ethereum.

Daily Movers – ENJ, YFI, MANA

Several tokens are leading the charge in the last 24-hour period. Some of these are well-known cryptocurrencies with more liquid trading pairs, so we’ll be focusing on these over low-cap cryptos that may have higher percentage changes.

Enjin (ENJ) – Enjin is a software that allows developers to create and manage virtual goods on the Ethereum blockchain. It gives creators, developers, and communities the required crypto-backed value and tools for implementing and managing virtual goods.

Yearn.Finance (YFI) - Yearn Finance is a suite of products in Decentralized Finance (DeFi) that provides lending aggregation, yield generation, and insurance on the Ethereum blockchain. The protocol is maintained by various independent developers and is governed by YFI holders.

Decentraland (MANA) - Decentraland is a virtual reality platform powered by the Ethereum blockchain. Users can create, experience, and monetize content and applications. Land in Decentraland is permanently owned by the community, giving them full control over their creations.

NSBroker Review: The Platform that Helps Traders Improve

As NSBroker is registered in Malta, the first license it received was a Category 3 Investment Services License from the Malta Financial Services Authority. The company also operates in accordance with European legislation, in particular the MiFID Directive. In addition, a number of other regulatory bodies have approved its activities in the EEA:

NSFX.Ltd, which owns the NSBroker brand, was founded in 2011. It has a long track record in the industry as a reliable intermediary, providing favorable trading conditions to its users and actually withdrawable profits.

NSBroker has been able to stay on the market so long because of the favorable trading conditions it offers:

• Minimum starting deposit from 500 USD;
• Over 100 assets available for trading;
• Leverage up to 1:100;
• Deposits and withdrawals without commissions and restrictions;
• Low spreads from 0.3 pips.

The platform also has a full-fledged training centre for its clients, filled with a great variety of materials and services for gaining knowledge in Forex and CFD trading. On top of all this, its clients can also use a convenient trade copying service.

All they need to do is choose a signal provider from a list of available traders and subscribe ot their services. After that, all trades made by an experienced trader will be automatically copied to the client's account.

The key to success in trading is the use of innovative technology, which is why NSBroker providers its users with access to the trading environment through the most advanced trading terminal, MetaTrader5. It’s easy to navigate, comprehensive, and alerts users trade forex, indices, commodities, and cryptocurrencies.

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