CME Bitcoin futures reports Q3 increase in demand from big investors

posted about 2 months ago
CME Group, the Chicago-based exchange operator, said its Bitcoin futures contracts grew in popularity last quarter, with the number of open contracts up 61% year over year, due to growing demand from institutional investors. Open interest (the number of outstanding positions) rose from 2,873 in Q3 2018 to 4,629 in Q4 2019. The average daily volume of contracts traded during the quarter was 5,534, up 10% from last year. It was the equivalent of 27,670 Bitcoin, or $289 million.

“Institutional flow remained strong, with 454 new accounts added, compared with 231 added in the third quarter of 2018” CME said. The number of entities holding more than 25 Bitcoin also grew. 50% of CME’s Bitcoin-futures trading volume during Q3 was outside USA (26% Asia and 21% from Europe and the Middle East.)
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