CME has recorded a significant volume of BTC futures trading product over the past 12 months, equivalent to 11 million Bitcoins.
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where the CME representative told Coin Telegraph: More than 2.2 million contracts were traded in 2020. Each Bitcoin futures contract that is cash-settled on the Chicago Mercantile Exchange equals 5 BTC in dollars.
Position numbers are higher than usual with Bitcoin's price rising in December 2020 after breaking its all-time high of 2017 at $ 19892 on December 1.
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where a representative of the Chicago Mercantile Exchange said: The average daily turnover (ADV) of Bitcoin reached 11,179 contracts (55.9 thousand Bitcoin equivalent) in December, an increase 114% year-on-year (YoY).
The Average Daily Open Interest (ADOI) reached a record 11,108 contracts (55,540 Bitcoin equivalents) in the last quarter, an increase of 233% compared to In the last quarter of 2019, according to a statement from the Chicago Mercantile Exchange.
Big players have also appeared for trading, as evidenced by the large open interest holders of the exchange (LOIH). As the representative of the Chicago Mercantile Exchange explained: The number of holders of large open interest on the exchange grew to a record high of 110 in the first week of December, indicating the strengthening of institutional interest.
CME plans to launch Ethereum futures contracts in February, which were initially announced in December 2020.
A number of large financial entities have expressed interest in Bitcoin in 2020, including MicroStrategic and Square, which have committed large sums of capital to the first cryptocurrency asset. / p>
