The volume of open positions on the first cryptocurrency amounted to 643 contracts per day, the total number of active transactions for the first time reached 5311
Interest in Bitcoin futures on the Chicago Mercantile Exchange CME continues to grow. The trading floor reported a record number of transactions, which was recorded on June 17. The company explained that this indicates an increase in interest in digital money from institutional investors.
“The volume of open positions on Bitcoin grew by a record 643 contracts per day, so a historical maximum of 5,311 active contracts was established on June 17,” wrote in CME.
Previously, JPMorgan analyst Nikolaos Panigirtsoglu said that cryptocurrency futures are heavily undervalued, and institutional investors have been influencing the market since 2017. Coinbase Custody in the middle of June reported that it stores clients’ cryptocurrency for $ 1.3 billion, and in the near future the amount of funds under management will be increased to $ 2 billion. More than 90 companies are customers of the service.