The Bitcoin price caused CME Group to set new daily trading records for its Bitcoin Futures this week, the company confirmed citing its public statistics.


CME Futures: Rags To Riches In 2 Weeks

After Bitcoin price (BTC) 00 rose to almost $4000 within 24 hours, CME saw a daily all-time high of over 18,000 contracts trading on February 19.

The data confirmed the correlation between futures activity and price, with BTC/USD since halting its advance to hover around $3970.

The activity bucks a trend, which had dogged futures providers as recently as two weeks ago. As Bitcoinist reported, both CME and CBOE saw record low volumes since their offerings first launched in December 2017.

This week saw similar upticks across Bitcoin-related financial products, such as Swiss Exchange SIX’s Crypto Basket Index.

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Source: https://thebitcoinnews.com/cme-bitcoin-futures-volume-soars-amid-buoyant-price/