Investors Became Increasingly Active on CME Crypto Derivatives Market
According to The Block, Ethereum’s OI, open interest in CME Group's ETH options, remains at an all-time high. (Open interest refers to the number of contracts outstanding.)
CME’s ETH open interest rose to $254 million in June. In its turn, Open interest for Bitcoin options is also nearly at all-time highs on CME, with OI sitting at $1.59 billion.
Volumes for ETH options, slightly down in June, thereafter increased, rising from $84 million in January to a peak in May of $334 million. As for Bitcoin options, they rose in June for the 3rd straight month, but remained down from a peak in March.
These trends may suggest either of the two possibilities, or a combination of them: a) cryptocurrency derivatives become a more popular tool – including, perhaps, using them as a hedge – among all types of investors; or b) cryptocurrency investors expect strong price actions in both Etherereum and Bitcoin going forward.
Popular news
Achtis Holding is adopting ESG Lineup
Jan 09, 2022
2783
European Markets Reversed to Gains after BoE Historical Rate decision
#Global Stocks #CryptoAug 04, 2022
2328
World Markets Slightly Rebounded as China’s Officials Seek to “Pay the Price” after Taiwan Visit
#Global StocksAug 03, 2022
2031
All Eyes on Jackson Hole Inception Day News
#GOLD #SILVER #S&P #PMI #OPEC #FED #Dow Jones #TWITTER #HOME DEPOT #CAC #DAX #Stoxx 600 #FTSE #Nikkei 225 #ASX #Goldman Sachs #Jackson Hole #Jerome PowellAug 24, 2022
1856
