Chicago Mercantile Exchange (CME) futures products were particularly popular among traders in June, CoinDesk notes.
More than 2,960 accounts registered by different types of clients in different time zones have been used to trade BTC futures on the CME Group platform since its launch, according to new data provided by the company. In 2019 alone, more than 950 accounts were created, which corresponds to a 30% increase in the customer base.
In addition, the number of large position holders holding contracts exceeding 25 BTC ($292,000 at the rate at the time of publication) reached 49, while in the last week of June the average value was 46 - a new record.
The volume of active positions has increased for all futures with four different closing dates. As explained by the company's representative, this dynamics shows that CME Group "creates a forward curve for the markets of cryptocurrencies to improve the ability of investors to work with the price".
The volume of active positions in BTC futures CME is growing steadily, which indicates a significant interest of investors - by the end of June was reached a record value of 6069 contracts.
Gareth McLeod, a partner at Gryphon Labs, sees this data as evidence of the growing interest of the traditional financial industry in the cryptocurrency market. "Most likely, traders from the traditional financial industry use CME to take long positions against the background of news related to Libra," he said.
What do you think is it good that more and more people buying futures of bitcoin? or there will be a problem if all buy short positions?
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