Trading volume in Bitcoin options on CME exceeded $2 million

by in Cryptocurrency News

CME Bitcoin trading

On Monday, January 13, the volume of trading in Bitcoin options on the CME exceeded $2 million. Bakkt failed to achieve such successes in more than a month.

The volume at the CME was 55 contracts or 275 BTC. All contracts were call options.

At Bakkt, it was possible to get past the $1 million mark only a month after the launch of derivatives.

Related: As deliverable futures start trading BTC is growing in price

In a commentary to The Block, CME CEO Tim McCourt said the feedback from market participants was positive.

Recall, a few hours before CME, the trading of BTC options was launched by the FTX exchange, supported by Binance. If we believe its representatives, the volumes overcame $1 million in just two hours.