Report: CME Bitcoin Options Trading Volume Exceeds Bakkt, More Popular with Institutional Investors

According to the latest report from Arcane Research, although CME entered the bitcoin options market earlier this week, its trading volume has surpassed that of Bakkt, which launched BTC options contracts in December 2019. It seems that institutional investors currently prefer CME. In the previous week, CME's average daily BTC futures trading volume was 7,886 contracts with 5 BTC per contract; on the other hand, the volume of Bakkt continued to decline. In the past week, Bakkt's average monthly futures trading volume was slightly higher than $ 20 million, and the average daily trading volume of BTC futures will make CME trading volume exceed $ 320 million. In contrast, Bakkt's highest record reached only in the short term. $ 50 million.