Chicago Mercantile Exchange Remains the Record Holder on Cryptocurrency Derivatives Trading
The rise of Bitcoin cryptocurrency has contributed to the overall revival in the market. In particular, research firm Diar notes that institutional traders conduct record volumes of operations with BTC. According to Cryptocompare, the Chicago Mercantile Exchange (CME) remains the main leader in the BTC derivatives market, with unprecedented growth in April and May 2019. [caption id="attachment_39421" align="alignnone" width="611"] Source: cryptocompare.com[/caption] On May 13, the exchange reached a record number of contracts concluded in one day - 33,677, which is equivalent to BTC in the amount of $1.3 billion. The average daily volume is 14,000 contracts. In general, monthly trading reached $6.6 billion. [caption id="attachment_39420" align="alignnone" width="607"] Source: diar.co[/caption] Since its launch, the company has concluded more than 1.6 million contracts worth more than $50 billion. In addition, the number of accounts opened for trading bitcoin futures at CME rose to a record level of 2500. Other suppliers of cryptocurrency derivatives include BitMEX and Deribit. According to Diar, Deribit trades in May also reached record volumes. We want to remind you: https://thecoinshark.net/bitcoin-futures-simply-speaking-but-in-detail/ Subscribe to The Coin Shark news in Facebook: https://www.facebook.com/coinshark/