By: Joeri Cant
CME Bitcoin futures are up 61% vs Q3 2018
On Oct. 9, the CME Group took to Twitter to state that customer interest in CME Bitcoin futures remained strong during Q3 2019, with daily open interest (OI) of over 4,600 contracts, up 61% vs Q3 2018, because of the strong interest of institutional investors.
Open interest refers to the total number of outstanding derivative contracts that have not been settled, which rose to 4,629 contracts, up from 2,873 in Q3 of 2018. CME pointed out that this occurred despite the fact that Bitcoin has dropped almost 25% in price.
Cointelegraph previously reported that CME is adding options to its Bitcoin futures contracts in the first quarter of 2020, pending regulatory review. The CME Group global head of equity index and alternative investment products, Tim McCourt, said at the time: