CME’s Bitcoin Futures Are on a Tear with Numerous Records Being Broken This June

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Wed, 07/03/2019 - 15:48
Alex Dovbnya
CME’s Bitcoin futures set new records on a monthly basis after the BTC price started its parabolic advance back in April 
CME’s Bitcoin Futures Are on a Tear with Numerous Records Being Broken This June
Cover image via U.Today
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Bitcoin futures, which are offered by Chicago-based exchange CME, are currently in great demand as institutional investors are looking for a way to safely invest in the volatile asset. 

According to Coindesk, the number of accounts sign-ups in inching closer towards 2,960 with 960 of them being created this year alone.

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Bitcoin futures setting new records

CME’s open interest has been gradually growing throughout the year. On June 26, there was 6,069 outstanding futures contracts that were yet to be settled (the highest number the exchange has seen to date).    

The new open interest milestone also coincided with a staggering $1.7 bln in notional value, which was yet another record high for CME’s Bitcoin futures.

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About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at alex.dovbnya@u.today.