The trading volume of bitcoin futures on CME soared by 950%

Since early April, the volume of trading in Bitcoin futures at the largest exchange of CME derivatives has grown by 950%.

CME bitcoin futures had a record of 22.5K contracts (112.7K equivalent bitcoin), surpassing 18.3K (64.3K equivalent bitcoin) on February 19. More # Bitcoin futures. $ BTC_F https://t.co/kWYK203apA pic.twitter.com/CX5nF8dXyv

– CMEGroup (@CMEGroup) 5 April 2019 p.

So, on April 1, BTC futures trading volume amounted to 2,162 contracts, and already on April 4, this figure reached 22,542:

Data: CME Group

Considering that the size of the futures contract at CME is 5 BTC, 22,524 contracts correspond to 112,710 bitcoins or more than $ 560 million (according to the current rate of the first cryptocurrency).

The previous record on CME was recorded on February 19 – then the volume of trading in bitcoin futures amounted to 18.3 thousand contracts.

Earlier, BlockchainJournal reported that its competitor CME – Cboe Exchange – will not open new futures contracts for Bitcoin.

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