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Cryptocurrency News

CME crypto futures see record activity during bear market

07/29/2022

Less than a minute

2022.07.29 05:29

Bitcoin (BTC) and Ether (ETH) derivatives contracts offered by CME Group (NASDAQ:CME) saw record activity in the second quarter, offering tangible evidence that professional traders were still accessing digital assets during the bear market.

The average daily open interest (OI) across CME’s crypto futures products reached 106,200 contracts in the second quarter, the highest on record, the company disclosed Thursday. In futures markets, OI reflects the total number of derivatives contracts that have not been settled.

Source

07/29/2022

Less than a minute