Home Crypto Mining CME Bitcoin futures hit new highs as investor curiosity surges

CME Bitcoin futures hit new highs as investor curiosity surges

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CME Bitcoin futures hit new highs as investor curiosity surges

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Fast Take

Information from The Block reveals that the Bitcoin futures buying and selling quantity and open curiosity on the Chicago Mercantile Trade (CME) have reached their highest ranges for the yr. The buying and selling quantity for July 2023 reached a exceptional $56 billion, and open curiosity hit a peak of $2.55 billion. This means a big rise in market participation and traders’ robust curiosity in Bitcoin futures.

Extra information from Glassnode exhibits that the CME’s share of the full futures open curiosity is at present 18%, slightly below its highest-recorded share of 23%. This means that the CME continues to carry a considerable portion of the general market share, regardless of fierce competitors within the futures market.

These outcomes spotlight the rising acceptance and use of Bitcoin futures as an funding software. This might probably point out a wider development towards the adoption of cryptocurrencies and their derivatives within the monetary market.

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CME BTC Futures: (Source: The Block)
CME BTC Futures: (Supply: The Block)

 

CME: (Source: Glassnode)
CME: (Supply: Glassnode)

The publish CME Bitcoin futures hit new highs as investor curiosity surges appeared first on CryptoSlate.

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