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CME Becomes Biggest Bitcoin Futures Trading Platform
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investopedia.comSurging Bitcoin (BTCUSD) prices last December led to a jump in open interest and trading volume for Bitcoin futures at the Chicago Mercantile Exchange (CME) as traders sought to hedge their Bitcoin positions in the spot market by opening futures positions at the exchange. In turn, this helped the exchange become the world's biggest trading exchange for Bitcoin futures by trading volume.
According to data from skew.com, a crypto analytics platform, CME accounted for 19.09%, or $2.1 billion of the $11 billion overall open interest in Bitcoin in futures markets across the world, ahead of second-ranked OKEx in China.
Earlier this week, CME reported that the average daily volume of Bitcoin futures trading at CME reached 11,179 contracts in
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