CME BTC futures trading volumes hit high on February 19
Chicago Mercantile Exchange (CME) Bitcoin futures trading volumes hit high on Tuesday February 19.
“The rise in the price of bitcoin led to record trading volumes for BTC futures on February 19, when 18,000 contracts were concluded,” the company wrote on its Twitter.
“This is equivalent to 91,690 BTC or $ 360 million,” The Block quotes from a letter from a CME representative intended for internal use..
The indicator on February 19 surpassed the record recorded on November 20, 2018. “The first quarter turned out to be a strong start to the year, the average improved to 4,630 contracts (23,150 BTC equivalent) and grew by about 13% compared to the fourth quarter of 2018, and the volume of open positions reached 4,076 contracts – an improvement of 21.5% compared to the previous quarter “, – says the note.
It also provides information about clients who trade bitcoin futures. Since the launch of the tool, over 2,100 accounts have been used to work with it.
“Institutional interest is gradually growing, and the number of holders of large positions (with a volume of more than 25 BTC) has been stable at 43 since November,” the company said..
At the beginning of the month, a study by TradeBlock was published, which, after analyzing the data until the end of last year, came to the conclusion that the trading volumes of bitcoin futures exchanges CME and Cboe fell, thus, in fact, returning to the starting point.
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