CME Group is about to record the biggest trading month for BTC futures trading

CME Group, the second global exchange to list bitcoin (BTCfutures, is about to record the biggest trading month for BTC futures trading, industry news outlet The Block reports May 21. The publication has reportedly cited data from an external email from CME.

The Chicago Mercantile Exchange purportedly revealed that the average daily bitcoin futures trading volume hit a new high of 14,000 contracts solely in May 2019.

To date, May 13 has reportedly become the biggest trading day for CME’s bitcoin futures, with the platform having registered 33,700 contracts worth $1.35 billion in bitcoin at the time. The exchange also revealed that the number of BTC futures trading accounts has hit more than 2,500.

In the report, CME has also summarized its total bitcoin futures trading results, claiming that the exchange has traded more than 1.6 million contracts since it was launched in December 2017, which accounts for over $50 billion in notional value.

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Source: https://cointelegraph.com/news/may-to-become-strongest-month-for-cmes-bitcoin-futures-trading-report