A topic that invited constant discussion in the crypto-industry is the Bitcoin futures, with some in favor of the motion, while some against it. Amidst all the contradictions surrounding the bitcoin futures CME group released stats; the firm reported that the average daily volumes for bitcoin futures trading have observed a significant jump in the third quarter compared to the last period.
On Wednesday, CME took to their Twitter account and posted the result of their bitcoin futures trading that was launched in December last year. The graph presented by them shows that the average daily volume increased from 3,577 contracts in the second quarter to 5,053 contracts in the third quarter, computing to a 41 percent increase. With first quarter’s 1,854 contracts, the figure denoted a rise of 170 percent.
In Q3, Bitcoin futures average daily volume rose 41% and open interest was up 19% over Q2 . Learn how market participants are using BTC to manage risk in changing markets. https://t.co/Yt41SzsHku pic.twitter.com/Kw4OX0QaKT
— CMEGroup (@CMEGroup) October 17, 2018