CME Takes Its Bitcoin Options Live, Competing With ICE’s Bakkt
The Chicago exchange has announced its highly-anticipated bitcoin options are now open for trading.
CME Group’s bitcoin options market grew tenfold within a month and recorded six consecutive all-time highs for open interest so far this month.
A surge in bitcoin derivatives suggests institutional investors are getting bitcoin exposure ahead of the halving, the Chicago exchange says.
Less than 0.2% of Friday's daily options trading happened on CME, according to data from Skew.
Open interest for CME bitcoin futures made a new all-time high of just under $500 million on Friday. CME’s bitcoin futures market are growing faster than nearly every other bitcoin futures market on a percentage and real growth basis.
Open interest in bitcoin futures listed on the Chicago Mercantile Exchange (CME) have doubled in the first few days of the year, as noted by data analytics firm Skew.