CME Bitcoin futures hit new highs as investor interest surges

2023-8-3 01:00

Quick Take

Data from The Block reveals that the Bitcoin futures trading volume and open interest on the Chicago Mercantile Exchange (CME) have reached their highest levels for the year. The trading volume for July 2023 reached a remarkable $56 billion, and open interest hit a peak of $2.55 billion. This suggests a significant rise in market participation and investors’ strong interest in Bitcoin futures.

Additional data from Glassnode shows that the CME’s share of the total futures open interest is currently 18%, just below its highest-recorded share of 23%. This indicates that the CME continues to hold a substantial portion of the overall market share, despite fierce competition in the futures market.

These results highlight the growing acceptance and use of Bitcoin futures as an investment tool. This could potentially indicate a wider trend toward the adoption of cryptocurrencies and their derivatives in the financial market.

.

CME BTC Futures: (Source: The Block)

 

CME: (Source: Glassnode)

The post CME Bitcoin futures hit new highs as investor interest surges appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Bitcoin Interest (BCI) на Currencies.ru

$ 0 (-1.38%)
Объем 24H $0
Изменеия 24h: 0.44 %, 7d: 1.22 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Цена в час новости $ 0.0055889 (-100%)

interest trading cme open reached volume hit

interest trading → Результатов: 126


Фото:

Surge in Bitcoin open interest signals possible increase in volatility

Quick Take The incessant influx of disheartening news into the Bitcoin ecosystem continues to cast a shadow over the Bitcoin market, pushing its price further into the red. This downward trajectory is underscored by the options 25 delta skew (1-week), indicating that put options are not only trading at a premium but are also on […] The post Surge in Bitcoin open interest signals possible increase in volatility appeared first on CryptoSlate.

2023-6-15 16:24


InQubeta (QUBE) Sees Strong Investor Interest As Ripple (XRP) And Near Protocol (NEAR) Trading Volumes Drop

The crypto market is highly dynamic, and sentiments can change rapidly. This may be influenced by a wide range of factors, including the latest trends, economic events, regulations, and news. Recently, an upcoming crypto crowdfunding platform, InQubeta, has garnered strong investor interest amid declining trading volumes for Ripple (XRP) and Near Protocol (NEAR). Its unique […]

2023-5-23 21:00


Markets could not get enough of crypto in March, pushing CEX trading volumes to 6 month high

The U. S. banking crisis that began with the collapse of Silicon Valley Bank seemingly did little to curb interest in crypto trading.   According to a recent report from CCData, the total trading volume across centralized exchanges increased by over 25% in March, showing that crypto trading flourishes in highly volatile markets.

2023-4-6 13:22