Home Alt coins CME Climbs In The Rankings Of Exchanges Due To Institutional Interest In Bitcoin

CME Climbs In The Rankings Of Exchanges Due To Institutional Interest In Bitcoin

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The Chicago Mercantile Exchange (CME) has moved from fourth to third place in the ranking of the largest platforms in terms of open interest in bitcoin futures.

According to Skew, at the time of writing, CME is at $ 3.05 billion, FTX is at $ 3.07 billion, and # 1 Binance is at $ 4.18 billion.

1633703942 116 CME Climbs In The Rankings Of Exchanges Due To Institutional

In terms of trading activity over the past 24 hours, the Chicago Mercantile Exchange ranks sixth in the ranking with $ 1.54 billion. The leader Binance has this figure 12.35 times higher – $ 19.02 billion.

1633703944 996 CME Climbs In The Rankings Of Exchanges Due To Institutional

The CME’s position is enhanced by growing confidence among institutional investors in endorsement SEC bitcoinETF… The annualized premium on futures to spot price on monthly contracts exceeded that of unregulated platforms.

In August, Bloomberg experts predicted that the Bitcoin ETF will be approved by the Commission by the end of October.

In September, SEC chief Gary Gensler confirmed that the regulator would consider applications to launch this instrument if they are based on CME futures and comply with the Investment Company Act of 1940.

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