A new record for the volume of trading bitcoin futures on the Chicago exchange CME

On the Chicago exchange CME a new record was set in terms of bitcoin futures . Investors acquired 33,677 contracts, up almost 50% from the last record of 22,500 futures, which was set on April 4. This writes RBC Crypto .

Each contract was equal to 5 BTC, so the total amount of sales amounted to 168,385 BTC, which is more than $ 1 billion. The rise in Bitcoin could activate institutional investors and draw their attention to financial instruments such as futures.

CME Bitcoin futures reached an all-time record high of 33.7K contracts on May 13 (168K equivalent bitcoin), up nearly 50 from the for last% record of 22.5K Contracts on April 4. See how market Participants are using the $ The BTC to the manage Uncertainty : https://t.co/hDgraMj5pe pic.twitter.com/ct1xkjoJDF

– CMEGroup (@CMEGroup) May 13, 2019

Recently it became known that Bakkt, which is preparing to launch a platform for trading Bitcoin-futures, will begin testing contracts for the first cryptocurrency in the summer of this year. The site will allocate $ 35 million of its own funds to cover the transactions that will pass through its clearing house.

Publication date 15/05/2019
Share this material on social networks and leave your opinion in the comments below.