May to Be Strongest Month to CME’s Bitcoin Futures Trading: Report

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cme group

CME Group, the next global exchange to list bitcoin (BTC) futures, is about to record the largest trading month for BTC futures industry news outlet The Block reports Might 21. The book has reportedly cited data from an external email from CME.

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

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

As formerly reported, CME Group had witnessed a gigantic development of bitcoin futures trades on May 13, which represented a 50% spike versus the preceding high on April 4. On the other hand, the market previously revealed that its net income dropped 17% in Q1 2019 despite increasing revenues.

Crypto markets have recently found the first major bullish move in 2019, together with bitcoin surging from an average price point of $4,000 to above $8,000 starting from April 1, based on data in CoinMarketCap.

Before now, Cointelegraph reported that Japanese crypto exchanges, such as Bitpoint, DMM Bitcoin and Coincheck, have enrolled a 200% spike of fresh account signups since the end of March 2019.

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