Circle CEO: CME Group’s $1 Billion Record Volume of Bitcoin Futures Shows Full Institutional Involvement
The crypto market is on the bull side, and great things are happening in the space; one of them is the fact that CME Group recorded a daily volume of $1 billion Bitcoin futures. CME revealed: “CME Bitcoin futures reached an all-time record high of 33.7K contracts on May 13 (168K equivalent bitcoin), up nearly 50% from the last record of 22.5K contracts on April 4. See how market participants are using $BTC to manage uncertainty” In the crypto space, this is a big feat and according to Jeremy Allaire, the CEO of Circle, which is a vital crypto-firm that controls the crypto-exchange Poloniex and stablecoin USD Coin, the $1 Billion record volume of Bitcoin futures by CME Group indicates the full involvement and interest of institutional investors in the Crypto market. It is necessary to know that CME Group – together with Chicago Board Options Exchange (CBOE) – became the first provider of BTC futures. On Monday 13th of May, the company recorded an all-time high of 33,700 contracts
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