CME Group's crypto derivatives have reached a significant milestone, with notional volume traded and open interest in crypto futures hitting $30 billion. This growth is driven by strong demand for Bitcoin and Ethereum futures, as well as the introduction of new Solana and XRP futures. The year-to-date average daily volume has surged to 230,000 contracts, marking a 158% increase from the previous year.
Institutional interest is evident, with a record 985 large open interest holders for crypto futures. Ethereum futures have shown particularly strong demand, with micro ETH futures volumes quadrupling year-over-year. Additionally, BitMine Immersion's holding of 1.7 million ETH, valued at $7.5 billion, underscores corporate treasury accumulation. The rapid growth of CME's regulated markets highlights their role in managing risk and accessing opportunities in the evolving crypto landscape.
CME Crypto Futures Hit $30 Billion in Notional Volume Amid Altcoin Demand
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