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CME Bitcoin Futures Volume Hits Record High as Prices Rebound

From bnnbloomberg.ca

The sudden resurgence in Bitcoin prices this month is also providing a boost for the futures market, with CME Group Inc. contract trading volumes for the largest cryptocurrency hitting a record high. CME Bitcoin futures hit a record 22,542 contracts traded on April 4, equivalent to 112,710 Bitcoin with a notional value of $546 million, according to a release from the derivatives exchange operator. A majority of the trading volume on that day came in Asia hours with 12,634 contracts traded, CME said. The increased trading came just after Bitcoin unexpectedly surged almost 30 percent over the two previous trading days ... (full story)

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  • Category: Fundamental Analysis