CME Bitcoin Futures Sets $20 Billion Record In Anticipation of Options Launch

Per an official tweet from the CME Group Inc., open interests pulled in on its platform were nearly 70% more than 2019. This was spread across about 5,400 contracts.

In a tweet just a few days ago, FTX crypto derivatives exchange Chief Executive Officer (CEO) Sam Bankman-Fried announced that the platform’s “options are live!”. A few hours after the launch, a new tweet from the excited CEO claimed that the platform pulled in $1 million in volume, in two hours. FTX is one of the largest derivatives platforms available and launching Bitcoin options proved profitable.

The interest in Bitcoin futures falls in line with a rise in futures trades as noticed last year.