CME becomes second-largest Bitcoin futures exchange as open interest surges
1 min read
The Chicago Mercantile Exchange (CME), a regulated derivatives exchange that lists Bitcoin (
The CME’s rising open interest not only helped the regulated futures exchange to climb to the second spot among futures crypto exchanges but also saw its cash-settled futures contracts exceed 100,000 BTC in volume. The rising interest of traders in the Bitcoin futures market has also propelled the CME to attain 25% of the Bitcoin futures market share.
A majority chunk of investment into CME futures has come via standard futures contracts, indicating an influx of institutional interest as Bitcoin registered a massive double-digit surge in October, helping it reach a new one-year high above $35,000.
Magazine: Deposit risk: What do crypto exchanges really do with your money?
