[2019-06-04]Open Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Re

[Vladdirescu87]

Open Positions on Chicago Mercantile Exchange Bitcoin Futures Hit Record High

The number of open contracts for the Chicago Mercantile Exchange’s (CME) bitcoin (BTC) futures is reportedly at an all-time high, cryptocurrency news outlet Coindesk reported on June 3.

According to visible data released by the United States Commodity Futures Trading Commission (CFTC) data, the number of open positions for the aforementioned future contract in the week from May 27 to June 3 is 5,190.

Coindesk claims that this is the highest number of open positions that CME’s bitcoin futures have ever reported and a 7% increase over the previous week.

Per the report, the recent increase in futures trading activity could be a sign of increased institutional interest in bitcoin. This is a continuation of the trend lately reported by the bitcoin futures, that also saw record volume on May 13.

https://cointelegraph.com/news/open-positions-on-chicago-mercantile-exchange-bitcoin-futures-hit-record-high

[1714947444]

1714947444

[1714947444]

1714947444

[CryptoBry]

The recent rise of bitcoin to a good record especially coming from the so-called bitcoin winter caught the attention of the media (both mainstream and crypto-related) and this created enthusiasm for bitcoin futures. No wonder CME is experiencing brisk volume of business and I guess this can go on even into 2020 when bitcoin is expected to go beyond what had been achieved in 2017.