CME

CME's Bitcoin futures facilitated over 11 million BTC in volume last year

Last year was a volatile one for Bitcoin and other cryptocurrencies. The Chicago Mercantile Exchange, or CME, recorded significant volume for its Bitcoin (BTC) futures trading product over the course of last 12 months. “More than 2.2+ million contracts were traded in 2020,” a CME representative told Cointelegraph. Each cash-settled Bitcoin futures contract at the CME is worth the dollar value of five Bitcoin.The trading hub recorded higher than normal numbers as Bitcoin’s pri

CME Becomes Biggest Bitcoin Futures Exchange as Institutional Interest Rises

Chicago Mercantile Exchange now tops the list of the biggest bitcoin futures trading platforms, accounting for nearly 20% of all open interest.

ETH en route to overtake its 2018 ATH as Bitcoin breaks $37K

ETH broke above $1,200 for the first time in almost three years, extending its weekly gains to 62%. Bullish fervor surrounding Ethereum (ETH) intensified on Wednesday, as the second-largest cryptocurrency broke above $1,200 for the first time in three years. The gains were largely driven by a confluence of fundamental factors, including Bitcoin’s parabolic rally, the anticipation of ETH futures contracts and a surging DeFi sector. ETH price exceeds $1,200Ether’s value peake

How can the CME’s rise affect Bitcoin’s spot prices?

Bitcoin‘s present market is undergoing significant price discovery and its effects are being felt all across the industry. Traders and Investors are paying close attention to the market and the level of activity is very high too. The derivatives landscape hasn’t been left alone either with institutional caterers CME currently registering impressive highs on the […]

The institutional herd is here: Bitcoin volume on CME, LMAX hits new records

The institutional herd has arrived to the Bitcoin market as institutional platforms see record-high volume. The daily volume of the CME Bitcoin (BTC) futures market and LMAX achieved a new all-time high on Jan. 4. The data show that the institutional demand for BTC is rapidly surging as major public funds continue to accumulate.Institutional appetite for Bitcoin is acceleratingAccording to analysts at Arcane Research, the daily volume of LMAX Digital reached a record-high at

Crypto derivatives gained steam in 2020, but 2021 may see true growth

Crypto derivatives showed enormous growth in 2020 as nearly $2 billion worth of BTC options expired on Christmas day. 2020 was the most important year for the crypto derivatives market so far. Both Bitcoin (BTC) and Ether (ETH) derivatives steadily grew throughout the year, with their futures and options products available across exchanges such as the Chicago Mercantile Exchange, OKEx, Deribit and Binance. On Dec. 31, Bitcoin options open interest reached an all-time high of

CME Tops in Bitcoin Futures Rankings Amid Rapidly Growing Institutional Interest

The CME has become the largest bitcoin futures exchange by open interest amid institutional onboarding.

CME explains why it waited three years for ETH futures

The crypto space has notably matured over the last three years. The Chicago Mercantile Exchange, or CME, recently announced plans to add Ethereum (ETH) futures to its offering — three years after launching Bitcoin (BTC) futures. Market development has impacted the exchange's decision to branch out. “Since we launched the CME CF Ether-Dollar Reference Rate and Real-Time Index in 2018, there has been significant growth in ether transactions, and increased client demand for to

Predicting the next Bitcoin price top: Here’s what may come after $23K

The price of Bitcoin has surpassed $23,000, and analysts predict where BTC is headed next after a significant rally. Bitcoin price surpassed $20,000 with ease on its third retest, buoyed by a surge in buy volume. Following the breakout, analysts anticipate the dominant cryptocurrency to eventually rise to the mid-$30,000s. However, in the short term, the expectations of a pullback are growing.There are compelling arguments for both short-term bull and bear cases. Traders who

Ethereum smashes past $600 as CME unveils ETH futures product

Ethereum reclaims $600 price levels as the CME announces Ether futures citing "client demand." Ether (ETH) has followed the breakout above $20,000 for Bitcoin (BTC) on Dec. 17, boosted by some big news from the Chicago Mercantile Exchange (CME). The CME just announced that they’d be launching Ether futures in 2021. "Based on increasing client demand and robust growth in our Bitcoin futures and options markets, we believe the addition of Ether futures will provide our clients