CME Group Records Multiple Records in the Bitcoin Futures Market in June
Over 2,960 accounts, registered different types clients in different time zones, used for trade BTC-futures on the CME Group platform since launch, according to new data provided by the company. Only only in one 2019 year more than 950 accounts were created, which corresponds growth of the client base by 30%.
Besides Togo, number of holders of large positions, which belong contracts in excess of 25 BTC ($ 292 000 at the rate at the time of publication), reached 49, while during the last weeks of June the average was 46 – new record.
Volume active positions grew by all futures that have four different closing dates. how explained representative company, this dynamic indicates Tom, that CME Group “creates a forward curve for cryptocurrency markets to improve opportunities investors on working with price “.
As shown in image above, volume active positions on CME BTC futures are growing steadily, which indicates significant interest investors – by the end of June It was a record value of 6069 contracts reached.
Gryphon Labs partner Gareth McLeod sees this data as evidence of an increasing interest in the market cryptocurrencies. “Most likely traders from traditional financial industries use CMEs to take long positions on background of news related to Libra “, – stated is he.