In the latest Bitcoin news, we are focusing on the Bitcoin futures trading at the Chicago Mercantile Exchange (CME) which has seen a fair share of ups and downs over the past couple of months, especially in the first and second quarter of this year.
However, in the third (and now present) quarter, it seems like the interest for Bitcoin futures trading is high. According to an official report issued by the CME, the average daily trading volume of Bitcoin futures in Q3 is now up 41% from the one we saw in Q2 this year.
The number of open contracts on Bitcoin futures also rose by 19% in the third quarter, and the trading dynamics have now been growing at a slower pace. Even though during the Q2 it was reported that the Bitcoin futures trading saw an increase, this quarter (Q3) holds the records for such activities.
Recently, Bloomberg issued a report which pointed out to the CME and the lack of plans to introduce any new features on any cryptocurrencies other than Bitcoin in the near future. However, Terry Duffy, who is the CEO of CME, then revealed that the company should first work on the approach to Bitcoin futures, stating that it “might have been the most controversial launch of a product.”
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