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CME's Bitcoin Futures Exchange Rises To Second Place
Summary: The Chicago Mercantile Exchange (CME) now holds the second-largest amount of open interest out of all Bitcoin (BTC) futures exchanges, second only to OKEx, according to Skew data. CME's open interest holdings have risen substantially since the launch of its BTC future exchange in 2017, and the exchange now holds $790 million in BTC long ...
The Chicago Mercantile Exchange (CME) now holds the second-largest amount of open interest out of all Bitcoin (BTC) futures exchanges, second only to OKEx, according to Skew data. CME's open interest holdings have risen substantially since the launch of its BTC future exchange in 2017, and the exchange now holds $790 million in BTC long and short contracts, compared to OKEx's $809 million.
The exchange's new second place ranking comes after a dramatic 1,500-contract rise in open interest on BTC futures earlier this month, which was immediately followed by a 9% surge in BTC prices. Investors speculate that, coupled with PayPal's recent acceptance of crypto, the CME BTC futures exchange's success could signal upcoming record-setting price increases for BTC as well as increasing adoption of the coin.
By Isaac Goluboff
Tags: Bitcoin,Bitcoin Futures,BTC,CME,Open Interest,Paypal
Link: CME's Bitcoin Futures Exchange Rises To Second Place [Copy]
