Institutional frenzy: CME becomes 2nd biggest Bitcoin futures market
Cointelegraph
Published Oct 23, 2020 07:43AM ET
Updated Oct 24, 2020 09:40AM ET
The CME Bitcoin futures market overtook Binance Futures to become the second-biggest Bitcoin (BTC) futures exchange by open interest. The data shows that the institutional volume is rapidly gaining a larger share of the cryptocurrency market.
On Oct. 10, Skew reported that the CME Bitcoin futures market’s open interest rose sharply by 1,500 contracts. Since then, within three days, the price of BTC surged 9% to over $13,000.
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Written By: Cointelegraph
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