CME Bitcoin Options Records More Than 100% Traded Volume In Less Than A Week

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The company has reported that on the first day the offering went live, the platform pulled in 55 contracts, comprising 275 BTC which is roughly $2.4 million. Last Friday, just after a few days, the platform had recorded 122 contracts, comprising 610 BTC, totaling about $5.3 million.

CME’s Bitcoin Futures Options went live at 15:00 UTC on January 13 after receiving regulatory approval. Before that, open interests on the CME platform spiked up to 70% more than it recorded in 2019. This showed, on some level, that anticipation for the options offerings was high at the time.

Image Credits: Pixabay

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