CME Bitcoin Futures Sees Institutional Interest and Demand from Asia

Bitcoin.com | Oct 18, 2019 at 2:25 PM
  • Global markets business CME Group said that institutional interest toward the firm’s Bitcoin futures is thriving and 2019’s third-quarter data showed a record number of open interest.
  • The news follows CME’s announcement that due to “growing interest in cryptocurrencies and customer demand for tools to manage bitcoin exposure” the exchange would begin offering options on Bitcoin futures (BTC) in early 2020.
  • Despite the weak start, Bakkt’s BTC trading volumes rose sharply on October 10, from 25 contracts to 224 contracts seeing a 796% rise.