The Chicago Mercantile Exchange (CME) group on Monday presented a detailed report on the performance of its bitcoin futures market for the third quarter of this year.
According to the exchange, the number of active contracts compared to the same period last year increased by 61% – from 2,873 to 4,629. Despite the BTC price drop by 25%, the number of active contracts compared to the second quarter decreased by only 1%.
The average daily trading volume for CME bitcoin futures in the third quarter amounted to 5,534 contracts, up 10% compared to last year. The company notes that this value corresponds to 27,670 BTC or $ 289 million.
“Institutional flows remained strong. 454 new accounts were added against 231 in the third quarter of 2018, ”the exchange said.
The number of customers holding more than 25 bitcoins and ranked among large investors on this basis increased from 45 to 47 from the last quarter, while there were 34 of them a year ago.
About half of CME bitcoin futures trading in the third quarter was accounted for by users from the United States, 26% from the Asia-Pacific region, and 21% from Europe and the Middle East.
Last week, CME's head of alternative investments, Tim McCourt, said that the exchange hopes to attract no less interest in the upcoming options for bitcoin futures than in the futures themselves.
Publication date 10/15/2019
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