Institutional interest in CMEGroup's $BTC and $ETH futures remained strong in the second quarter, with the number of so-called large open interest holders averaging a record 107. By godbole17.
Derivatives giant Chicago Mercantile Exchange's regulated bitcoin and ether futures saw record participation from large traders in the second quarter.
"Bitcoin futures institutional interest continued to increase throughout the quarter as investors sought regulated venues/products to hedge rising market volatility and manage risk and exposure," the exchange said, explaining the robust participation from large traders. The CME's regulated and cash-settled futures have long been a preferred choice for institutions looking to gain exposure to the cryptocurrency without having to own it.
The demand for hedging tools also lifted trading volumes and open interest in BTC and ETH futures and options to all-time highs in the first half, CME said.
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