CME Group Saw Open Interest In Its Bitcoin Futures Market Breaks To New Highs

Date created 18/04/2020

CME Group Saw Open Interest In Its Bitcoin Futures Market Breaks To New Highs

Open interest (OI) on CME Group’s bitcoin futures market reached its highest level since mid-August as iconic players in traditional markets.

CME Group saw open interest in its bitcoin futures product, which launched at the height of the 2017 bitcoin boom, hit $975.5 million on Monday — the highest level ever.

Source: Coindesk

CME’s surge in bitcoin futures positions also comes as incumbent, crypto-only exchanges including BitMEX and Huobi face ongoing regulatory challenges and flat or declining open interest through Q3 and Q4.

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