Wall Street trades a significant portion of the market's bitcoin futures

Data shows that the Chicago Mercantile Exchange's Bitcoin futures traded $563 million in volume on Apr.

Following the Chicago Board Options Exchange's decision to delist Bitcoin futures the Chicago Mercantile Exchange stepped in and seized much of the market.

According to CME, its BTC futures traded about $563 million on Apr.

While the exact amount wasn't confirmed by CME, the company lists the number of contracts traded as well as the amount of Bitcoin in every contract.

With 5 BTC per contract and yesterday's $5,000 Bitcoin price, the 22,542 contracts traded over $500 million.

"Even though Wall Street's contracts are only paper, and not settled in bitcoin, they are still a significant part of this market now."

The success of Bitcoin futures has pushed the CME to expand its futures offering and launch "Micro E-mini" Futures contracts for trading.

According to See It Market, the contracts should be ready for trading as early as May this year.

The new Micro E-mini contracts will be one-tenth the size of their respective equity indexes, enabling more control over a larger number of contracts for the same price.

The bitcoin futures market continues to thrive even after CBOE futures exchange delisted bitcoin futures.