Open interest (OI) on CME Group’s bitcoin futures market reached its highest level since mid-August as iconic players in traditional markets.
CME Group saw open interest in its bitcoin futures product, which launched at the height of the 2017 bitcoin boom, hit $975.5 million on Monday — the highest level ever.
Source: Coindesk
CME’s surge in bitcoin futures positions also comes as incumbent, crypto-only exchanges including BitMEX and Huobi face ongoing regulatory challenges and flat or declining open interest through Q3 and Q4.
Read more:
- The CME Has Taken Its #2 Spot On OI For Bitcoin Futures Contracts As BitMEX Charged
- Institutions Are Responding To The Price Action By Closing Their Shorts They Opened Via The CME’s Bitcoin Futures Market