Zooming in on CME’s BTC Futures: The new top dog in the futures market

The bitcoin futures at CME have been going like hot cake lately, as the daily trade volume frequently has reached new records while the open interest has risen to new all-time highs.
Source: Bybt, Skew

On January 8th, the CME futures saw a daily trade volume of a staggering $4.8 billion.

To put this number into context, the daily trade volume on January 8th was higher than the entire monthly trade volume in October ’19 ($3.9b), November’19 ($4.2b), and December’19 ($3.9b).

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