The Capital
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The Capital

CME Bitcoin Futures Market Reached a Record

The amount of open positions in the Chicago Mercantile Exchange (CME) bitcoin futures market reached a record high of $400 million.

The growth in open positions suggests that traders expect short-term growth in volatility in the bitcoin market, writes The Block.

The figure of $400 million previous high of $338 million, which was reached on February 14.

Image: The Block

However, volumes are significantly lower compared to February. The average daily volume of CME bitcoin futures last month was about $217 million, and in February — $493 million.

CME launched settlement Bitcoin futures at the end of 2017 amid “growing customer interest”. Earlier this year, bitcoin options were also offered on the exchange.

Author: Marko Vidrih

Featured image credit: Pixabay

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