Trading Volume Up 130% At CME Bitcoin Futures

cryptowarrior88 (59)in #cryptocurrency • 5 years ago

The trading volume of the Chicago Mercantile Exchange’s Bitcoin Futures is reaching new trading volume records averaging 7,237 contracts per day.

This represents 132% increase from the same period last year and a 300% increase since mid-December 2018 from a low of $3,130 USD which is currently trading at around 9,600 USD at the time of this writing.

According to TIm McCourt, the managing director at CME group May was its most successful month yet for their Bitcoin Futures and the interest has continued to grow from institutional investments.

He also adds that CME group is a neutral marketplace and its primary role is to help Bitcoin Market participants manage their risks whether the price goes up or down.

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