Leading United States derivative market CME Group pointed out that its Bitcoin futures reported a record trading volume on April 4, according to their tweet.
Per the tweet, the volume of its Bitcoin futures hit an all-time-high of over 22,500 contracts on April 4, which is equivalent to about 112,700 BTC. The previous record has been hit on February 19 and was reportedly over 18,300 contracts, equivalent to 64,300 BTC.CME Bitcoin Futures Cumulative Volume on April 4, 2019.
The CME Bitcoin Futures, according to a dedicated frequently asked questions page, were launched on December 17, 2017, and started trading the next day.
Bitcoin gained over 27% from Tuesday to Wednesday of this week, with Fundstrat Global Advisors co-founder Thomas Lee claiming that since it has now broken over its 200-day-moving-average, Bitcoin is currently in a bull market.
Last month, news broke that also United Kingdom-based crypto exchange and futures provider Crypto Facilities had seen its trading volumes grow by over 500% after being acquired by crypto exchange Kraken.
As Cointelegraph reported in March, CME Group told Business Insider that Bitcoin's finite amount is a challenge for regulators.
In March, a Commodity Futures Trading Commission commissioner revealed that the U.S. regulator is actively working to approve multiple crypto-related applications, including for Bitcoin futures from institutional trading platform Bakkt.
CME Group Bitcoin Futures Reported Record Trading Volume on April 4
Published on Apr 6, 2019
by Cointele | Published on Coinage
Coinage
Mentioned in this article
Recent News
View All
Blockchain Bites: Bitcoin's Run, Uniswap's Hemorrhaging Value, Anchorage's Banking Bid
Bitcoin is nearing all-time highs in price and market cap last set three years ago.
Japan's megabanks to lead experiment with digital yen
We have, in order, Cheese Bank with a $3.3 million theft, Akropolis with its $2 million loss, Value DeFi with a whopping $6 million exploit and finally Origin Protocol's loss of $7 million.
Number of new Bitcoin addresses spikes amid growing FOMO
Japan's three largest banks, as part of a group of 30 private sector actors, are set to collaborate on an experiment with a digital yen.
Not just Wall Street: Quant trader explains why Bitcoin price is going up
Sam Trabucco, a quantitative trader at Alameda Research, believes four general factors are pushing up the price of Bitcoin.