Chicago Mercantile Exchange's June Bitcoin futures open interest

Chicago Mercantile Exchange's June Bitcoin futures open interest

According to data from the Chicago Mercantile Exchange (CME), the exchange’s Bitcoin futures trading account has exceeded 2,960 since its launch. In 2019 alone, CME had more than 950 newly created accounts, and the total number of customer registrations increased by 30%.

In addition, the average number of open interest holders (holding contracts with at least 25 BTCs) increased from 46 to 49 in the last week of June, setting a new record.

Chicago Mercantile Exchange's June Bitcoin futures open interest

As shown above, the number of open positions in CME Bitcoin futures has been steadily rising, reaching a record 6069 contracts as of the end of June, showing strong market demand.

According to Gareth MacLeod, a partner at Gryphon Labs, this may be a sign that traditional financial markets are increasingly interested in cryptocurrencies.

“Traders in the traditional financial industry are most likely to go through the news from Libra through the Chicago Mercantile Exchange.”

He said: "Professional traders and large financial institutions also prefer to operate through familiar platforms, rather than through cryptocurrency exchanges because they are interoperable and familiar with their own Bloomberg Terminal.

In addition, Suzanne Cosgrove, a spokesperson for the Chicago Board Options Exchange, confirmed not long ago that the exchange is considering relaunching the Bitcoin futures contract. (Mars Finance)