Published on July 21st, 2018 | by bitcoin0
Second quarter daily volume is up 93% reports CME reguarding Bitcoin Future.
Bitcoin (BTC) futures average daily volume (ADV) at the Chicago Mercantile Exchange (CME) increased by 93 percent in the second quarter over the first quarter of 2018, the company revealed in a tweet July 20.
CME also stated that the rate of open interest (OI) or the number of open contracts on Bitcoin futures has exceeded 2,400, which amounted to 58 percent increase in Q1.
CME Bitcoin Futures ADV and OI in Q1 2018 and Q2 2018.
Source: CMEGroup One of the biggest global exchanges, CME Group launched Bitcoin futures trading on Dec. 17, following the launch of BTC futures by the Chicago Board Options Exchange (CBOE), the largest U.S. options exchange, on Dec. 10.
Considering Bitcoin futures represents a U-turn for BlackRock, which has previously been critical of cryptocurrencies.