CME Group Bitcoin Futures Hit $1.3 Billion Amid Parabolic Advance

CME Group reported record volume for a bitcoin (BTC) futures on May 13 as a cryptocurrency’s warn longhorn marketplace continued.

CME, that together with a Chicago Board Options Exchange (CBOE) became a initial provider of bitcoin futures to a marketplace in Dec 2017, saw an all-time record of 33,700 contracts on Monday.

That figure represented an homogeneous 168,000 BTC ($1.35 billion) — an roughly 50% arise contra a previous high of 22,500 contracts and 112,700 BTC (currently $909.2 million) on Apr 4.

At a time, CME had warned over a 17% net income dump for Q1 2019 notwithstanding a sprightly bitcoin activity.

Bitcoin’s many new seven-week longhorn run began to gather speed on Apr 1: on Tuesday, a largest cryptocurrency set a yearly high of $8,335.

Bitcoin’s possess trade volumes likewise set apart daily records, with dual days of back-to-back ancestral highs occurring this week.

CME, meanwhile, has called for increased regulatory appearance in cryptocurrency, arguing that impasse of authorities is essential if a materialisation is to be a success.