Trading volume for Bitcoin options from the Chicago Mercantile Exchange, or CME Group, has increased by over 100 percent in just the first week after their launch.
Bitcoin options volumes more than doubled in the seven days following their introduction on January 13, 2020.
On day one of their launch, BTC options volume was only 55 contracts, or 275 BTC, which is presently worth $2.37 million.
Open interest on Bitcoin options contracts remained steady at 219 contracts on Friday, which is valued at an estimated 1,095 BTC, or $9.45 million at current prices.
CME's Bitcoin futures registered a total volume of 7,245 contracts last week, valued at $313 million.
Bitcoin futures contracts also recorded a solid performance last week, with CME registering total volumes of 7,245 contracts, which were valued at 36,225 BTC or about $313 million.
CME introduced cash-settled Bitcoin futures in December 2017.
The CME Group introduced regulated Bitcoin futures just a week after competitor CBOE launched its own.
In August, CME confirmed it had posted record highs for Bitcoin futures trading.
CME's volumes are dwarfed by Malta-based giant Binance, which reportedly recorded Bitcoin futures trades worth 111,000 BTC or $959 million during the past 24-hour period.
CME Bitcoin options volume increases by over 100 percent to $5.3 million just a week after launch
gepubliceerd op Jan 22, 2020
by Cryptoslate | gepubliceerd op Coinage
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