2020′s Bull Redux? CME Improves Its Ranking in Biggest Bitcoin Futures Exchanges List

Posted on by American Coins & Gold

2020′s Bull Redux? CME Improves Its Ranking in Biggest Bitcoin Futures Exchanges List
The Chicago Mercantile Exchange (CME) has jumped to the No. 2 position on the list of the world’s biggest bitcoin futures exchanges by open interest.This is notable because the exchange is seen as a proxy for institutional demand. Further, its latest jump from last month’s fourth spot is reminiscent of the exchange’s rise to the top seen during bitcoin’s four-fold institutional-driven rally to nearly $40,000 in the final three months of 2020.The CME now accounts for nearly 17% or $3 billion of the global futures open interest of $17.9 billion, according to data provided by the derivatives research firm Skew.The…