New Institutions Expect Bitcoin Price Roller Coaster To End By Cointelegraph

Buckle up: new institutions wait for Bitcoin price roller coaster to end

As a result of the ongoing uptrend, many prominent institutions in the traditional finance arena have sought to join the crypto bandwagon so as not to miss out on the ongoing action. For starters, there has been an increase in open interest and futures trading volume across the board over the course of the past few months. While that may have been expected, what may come as a surprise is that the Chicago Mercantile Exchange, a global derivatives exchange, recently became the world’s largest Bitcoin futures trading platform. In this regard, data released by crypto analytics platform Bybt indicates that CME represents $ 2.4 billion of the $ 13 billion general open interest in Bitcoin futures, closely followed by the exchange’s $ 2.17 billion total. OKEx encryption and ahead of other prominent players like Binance, Huobi, and Bybit Continue reading on Coin Telegraph

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