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CME Losing Its Bitcoin Options Market Dominance
Summary: Arcane Research said in a recent report that “the total Bitcoin open interest halved (falling from $1.8 billion to $894 million), following the large contract expiry of June 26th. The Chicago Mercantile Exchange (CME) was hit the hardest as its open interest dropped 67% from $439 million to $145 million on the day of the ...
Arcane Research said in a recent report that “the total Bitcoin open interest halved (falling from $1.8 billion to $894 million), following the large contract expiry of June 26th. The Chicago Mercantile Exchange (CME) was hit the hardest as its open interest dropped 67% from $439 million to $145 million on the day of the contract expiry.”
The loss in open interest caused CME’s relative shares of the total open interest to plummet from 25% of the market to below 15%, according to the report.
