2018-7-27 08:23 |
Also Read: Markets Update: BTC Gains 30% in Two Weeks, Alts Lose Correlation
CME Reveals 93% Growth in Daily Volume During Q2
Chicago Mercantile Exchange has announced that trading volume for its bitcoin futures contracts nearly doubled quarter-over-quarter.
During Q1 2018, the average daily trading volume for CME bitcoin futures was 1,854 (equivalent to 9,270 BTC), whereas the average daily volume for Q2 was 3,577 (equivalent to 17,885 BTC).
With over 1 million XBT contracts traded, Bitmex hosted over $8 billion USD worth of trade in a single day.
On Twitter, the exchange claimed that the over 1 million XBT in volume was a record for the entire cryptocurrency industry, in addition to Bitmex.
What do you think of the estimate of March 2019 as a final deadline for the SEC to approve or reject the proposed Van Eck bitcoin ETF?