As votes came in on the night of Nov. 3, the day of the U.S. presidential election, Bitcoin's (BTC) volume soared on the Chicago Mercantile Exchange, or CME. "Overnight, before 9:00am NYT over 6,700 Bitcoin futures contracts traded (33,500 equivalent Bitcoin), 75% more than what has been observed YTD [year-to-date] and more than double the volume observed since launch," a CME Group spokesperson told Cointelegraph on Wednesday. 6,700 BTC CME Bitcoin futures contracts traded between 5 PM CST on Nov. 3 and 8 AM CST on Nov. 4. CME Bitcoin futures trade 23 hours per day, between 5 pm and …
The United States Bitcoin (BTC) derivatives market witnessed a slew of developments in 2019 as “old players” set trading volume records and “new players” introduced novel market products. After months of regulatory maneuvering, Bakkt finally launched and has gone on to post record Bitcoin futures trading volumes. Several platforms have also obtained Swap Execution Facility licenses from the U.S. Commodity Futures Trading Commission as the crypto derivatives arena in the country expanded throughout 2019. One of the 19 CFTC-licensed platforms, Tassat, said the approval is a preliminary step to the company listing physically settled Bitcoin derivatives for institutional clients. Overall, …
The Chicago Mercantile Exchange (CME) Group has released data showing that open interest in Bitcoin futures is rising, as per an official Twitter post on June 18. Interest in BTC futures over time: https://twitter.com/CMEGroup/status/1141015074062110721 According to CME, bitcoin (BTC) open interest spiked on June 17 with an all-time high of 5,311 contracts totalling 26,555 BTC, or approximately $246 million at press time. Futures are standardized contracts that bind a party to buying or selling some asset at a predetermined date. Notably, the CME group also remarked in the Twitter post that BTC futures appears to be gaining popularity with institutional …
Leading United States derivative market CME Group pointed out that its Bitcoin (BTC) futures reported a record trading volume on April 4, according to their tweet. Per the tweet, the volume of its Bitcoin futures hit an all-time-high of over 22,500 contracts on April 4, which is equivalent to about 112,700 BTC. The previous record has been hit on February 19 and was reportedly over 18,300 contracts, equivalent to 64,300 BTC. CME Bitcoin Futures Cumulative Volume on April 4, 2019. Courtesy of CME Group The CME Bitcoin Futures, according to a dedicated frequently asked questions page, were launched on December …
Bitcoin (BTC) futures trading at the Chicago Mercantile Exchange (CME) has continued to grow in Q3, the U.S.-based exchange reported in a tweet Wednesday, Oct. 17. The CME has revealed that the average daily trading volume (ADV) of Bitcoin futures has increased by 41 percent in Q3 over Q2, while open interest (OI) — or the number of open contracts on Bitcoin futures — has risen by 19 percent in the third quarter. CME Bitcoin Futures ADV and OI in Q1, Q2, and Q3 2018. Source: CMEGroup Compared to the results of the second quarter over the first quarter, the …