CME Bitcoin alternatives have done well since launch

Mainstream market exchange, the Chicago Mercantile Exchange, or CME, just recently uploaded document numbers for its Bitcoin (BTC) trading products.


May 14 generated open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC– an all-time high for the item, according to info a CME rep provided to Cointelegraph.


On May 4, CME also tallied 66 big open interest holders, or LOIHs– one more document. These LOIH figures in particular suggest added participation from institutions, the CME rep noted.


CME largely opened the door for mainstream Bitcoin involvement in December 2017, with the launch of its Bitcoin futures trading item. CME released another crypto trading product in 2020 with its Bitcoin options launch.


Since its BTC options inauguration, CME has actually seen about 5,000 of these contracts trade, equal to around 25,000 BTC in overall volume, the CME rep included.


Bitcoin alternatives had a wonderful week

Might 13 as well as Might 14 also held two various other CME crypto trading documents. The clothing’s Bitcoin choices item held 4,389 BTC worth of contracts– an all-time volume high for the product, as well as record open passion valued at 14,535 BTC worth of agreements, the depictive noted.


Contrasting CME’s growing success, the Chicago Board Options exchange, or CBOE, took out of the Bitcoin trading race roughly a year as well as a fifty percent after launching BTC futures in December 2017. The CBOE removed its product from the racks in March 2019, right prior to Bitcoin began its rally to $13,900.

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