CME says the volume increase shows strong institutional interest ahead of Bitcoin's halving

The Chicago Mercantile Exchange (CME) says the record activity in bitcoin derivatives trading reflects the institution's strong interest in impending halving.

The company added that the average daily volume (ADV) for bitcoin futures contracts was 8,456 contracts per year, more than 43% above the same period in 2019. The aggregate volumes of bitcoin options contracts, which started in mid-January, are up to 2,250 contracts with a record 216 contracts traded on May 6.


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