CME Traders Prefer Cash-Settled Bitcoin Products

CME customers would rather trade cash-backed Bitcoin products at present. Chicago Mercantile Exchange’s, or CME, global head of equity index and alternative investment products, Tim McCourt, said traders prefer cash-settled Bitcoin trading over products backed by physical Bitcoin (BTC).  “So far, clients have expressed a clear preference and priority for a cash-settled product,” McCourt told […]

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CME Bitcoin Trading Product Records Show Institutional Participation Uptick

The Chicago Mercantile Exchange, or CME, recently saw record Bitcoin trading numbers in multiple categories. Mainstream market exchange, the Chicago Mercantile Exchange, or CME, recently posted record numbers for its Bitcoin (BTC) trading products.  May 14 yielded open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC — an all-time high for […]

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