CME Bitcoin Futures See Open Interest Surge as Global Volume Hits $25B  

Gan Woon

Bitcoin 5 years ago
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Bitcoin (BTC) derivatives trading looks set to reach record levels this month as volume spikes and open interest hovers near all-time highs.

Data from CME Group shows that as of Jan. 16, open interest for its futures products alone totaled 5,328 contracts — or 26,640 BTC ($237 million).
The figure is higher than any monthly close CME has seen since it debuted in December 2017, with July 2019 currently in the lead with 5,252 contracts.

Open interest did surpass current levels earlier in January, reaching around 5,400 according to the latest data from United States regulator the Commodity Futures Trading Commission, or CFTC, published on Jan. 7.

As Cointelegraph reported, futures offerings have received significant attention from both investors and commentators as new participants appeared to fuel a Bitcoin price rise in 2020.

https://cointelegraph.com/news/cme-bitcoin-futures-see-open-interest-surge-as-global-volume-hits-25b
  • Bitcoin news
  • CME
  • Bitcoin Futures
  • Financial markets

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