Price Clustering After the Introduction of Bitcoin Futures

  • Ahmed S Baig Texas Tech University
  • Omair Haroon Lahore University of Management Sciences
  • Nasim Sabah Framingham State University


Economic theory suggests that introduction of derivative contracts can improve the informational efficiency of the underlying asset prices (Danthine, 1978). In this study, we examine the impact of the introduction of Bitcoin futures on price clustering in Bitcoin. Our findings suggest that price clustering in Bitcoin meaningfully decreases post the introduction of its futures contracts.


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How to Cite
Baig, A. S., Haroon, O., & Sabah, N. (2020). Price Clustering After the Introduction of Bitcoin Futures. Applied Finance Letters, 9, 36 - 42.
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