CME Group reports new all-time high for Bitcoin futures

20 Jun, 2019
by David Robb
News
CME Group reports new all-time high for Bitcoin futures

Data from CME Group shows that interest in its Bitcoin futures contracts has hit an all-time high. This was reached on June 17, making it the second time this month the record has been broken.

The Chicago-based CME Group has been offering BTC derivatives contracts to institutional traders since back in November 2017. The firm owns and operates a number of trading platform and exchanges in Chicago and New York City.

CME Group reported a new all-time high in interest in BTC futures at the start of June, after first breaking the $1 billion mark in terms of trading volume back in May.

This record was broken again on June 17, with a huge increase in one day driving the total past the previous all-time high level.

Interest in Bitcoin derivatives contracts is likely to rise even further in the near future, with the launch of the Intercontinental Exchange's Bakkt platform. Physically-delivered BTC futures are one of the project's key new offerings, enabling institutional investors to get involved with crypto trading in a manner more similar to the Forex trading that they are used to.

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