CME’s Rise in Bitcoin Futures Rankings Signals Growing Institutional Interest
CME has risen to second place in terms of bitcoin futures open interest, passing Binance and BitMEX.
The Chicago exchange has now traded 77 ETH contracts after going live on Sunday.
Investor excitement ahead of the CME's planned ether futures contract is one reason for the price push.
With all this bullish bitcoin activity, the ETH/BTC pair has gone bearish, a sign traders are selling ether for bitcoin.
Chicago Mercantile Exchange now tops the list of the biggest bitcoin futures trading platforms, accounting for nearly 20% of all open interest.
The Chicago Mercantile Exchange has become the largest bitcoin futures exchange by open interest amid institutional onboarding.
The largest U.S. regulated market for bitcoin futures has been sounding out cryptocurrency traders to gauge their interest in a listing of futures and options on the Ethereum blockchain’s native tokens.