Chicago Mercantile Exchange Has Stockpiled More Than $100 Billion In Bitcoin Futures trading volume

Steve Anderrson
Steve Anderson is an Australian crypto enthusiast. He is a specialist in management and trading for over 5 years. Steve has worked as a crypto trader, he loves learning about decentralisation, understanding the true potential of the blockchain. Join the official channel of thecoinrepublic, For the latest news updates: https://t.me/thecoinrepublic
  • CME Group reported that the Bitcoin futures have grown in the previous two years and now listed as the most liquid listed Bitcoin derivatives.
  • ICE (InterContinental Exchange) launched physically traded Bitcoin Futures through the exchange platform Bakkt on the 23rd of September 2019.
  • Bakkt trading platform also opened Bitcoin futures trading in its cash exchanged trade independently in 2019.

The Chicago Mercantile Exchange (CME) group has gained more than $100 Billion in Bitcoin Futures Trading volume from 2017 to till date. The managing director of CME group reported that the Bitcoin futures have grown in the previous two years and now listed as the most liquid listed Bitcoin derivatives.

Tim McCourt shared in a recent interview that since the launch of the Bitcoin Future sin 2017, it has managed to grow in stable condition and as the strongest liquid asset in the trading platform.

2017 is the year of cryptocurrency, and the time when Bitcoin managed to reach its whopping all-time high of $20,000, the traditional banking and finance institutes also paved pathways to get into the bull run.

Even at this time CME group introduced under its derivative Chicago Board Options Exchange (CBOE) launched parallel cash-settled Bitcoin Futures trading product which marked the entry of CME into the crypto market.

The bear attacks on the Bitcoin trade made the CBOE body to halt the Bitcoin futures trade during 2019 temporarily. The halt made the CBOE lose its institutional cryptocurrency participation.

However, the mainstream institution has remained in the market trade. ICE (InterContinental Exchange) launched physically traded Bitcoin Futures through the exchange platform Bakkt on the 23rd of September 2019.

Bakkt trading platform also opened Bitcoin futures trading in its cash exchanged trade independently in 2019. The phenomenal growth of the Bitcoin Futures index of the CME group in terms of trading volume has caught the eyes of mainstream media and traders.

The response to the public by the CME group was that the active participation of the Bitcoin investors and institutional traders has helped them gained such feats who value the transparency, price discovery and risk transfer which boldly portrayed to achieve only by the CME trading group.

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