CME Bitcoin Futures Facilitated Over 11 Million BTC In Volume Last Year
The Chicago Mercantile Exchange, or CME, has recorded significant volume of its futures trading product (BTC) over the course of the last 12 months. “More than 2.2 million contracts were traded in 2020,” a CME representative told Cointelegraph. Each cash settled Bitcoin futures contract at the CME has a dollar value of 5 Bitcoin. The mall posted higher than normal numbers as Bitcoin’s price warmed in December 2020 following a break from its 2017 all-time high of $ 19,892 on December 1. ) in December, 114% more [year over year]”Said the CME representative. Continue reading on Coin Telegraph
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