The Chicago Mercantile Exchange (CME) Group launched its Bitcoin (BTC) options just last week. In the same period, the traded volume on the platform has climbed by more than 100%.
The company has reported that on the first day the offering went live, the platform pulled in 55 contracts, comprising 275 BTC which is roughly $2.4 million. Last Friday, just after a few days, the platform had recorded 122 contracts, comprising 610 BTC, totaling about $5.3 million.
On that day, open interest on its options was 219 contracts which is 1,095 BTC, equivalent to $9.45 million. Current open interest figures show that as at the 21st of January, the platform had seen 244 contracts, worth exactly 1,220 BTC, which is over $10.5 million, at current rates.
CME’s Bitcoin Futures Options went live at 15:00 UTC on January 13 after receiving regulatory approval. Before that, open interests on the CME platform spiked up to 70% more than it recorded in 2019. This showed, on some level, that anticipation for the options offerings was high at the time.
On the other hand, Binance has been doing quite well. Its own Bitcoin futures two days ago on Jan 20, pulled in about 111,000 BTC, roughly $959 million.
Image Credits: Pixabay