Trading Volumes of BTC Derivatives Breaks the Records
CME Group reported record volume for its bitcoin (BTC) futures on May 13 as the cryptocurrency’s surprise bull market continued.
CME, which together with the Chicago Board Options Exchange (CBOE) became the first provider of bitcoin futures to the market in December 2017, saw an all-time record of 33,700 contracts on Monday.
That figure represented an equivalent 168,000 BTC ($1.35 billion) — an almost 50% rise versus the previous high of 22,500 contracts and 112,700 BTC (currently $909.2 million) on April 4. Growth of a rate of bitcoin could activate institutional investors and draw their attention to such financial instrument as futures.
The other day it became known that the company Bakkt, which is going to launch the platform for trading the Bitcoin-futures, will start testing the contracts this summer. The platform will provide $35 million to cover the deals which will be held via the parent company’s clearing house.
As we previously reported, the trading platform for institutional investors Bakkt is going to start testing the Bitcoin futures in June.