CME Group Bitcoin Futures Reported Record Trading Volume on April 4

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Leading derivatives market CME in the United States pointed out that the Bitcoin (BTC) futures reported a record trading volume on 4 April, chatter.

The volume of its Bitcoin futures per tweet reached an absolute record of more than 22,500 contracts on April 4, corresponding to around 112,700 BTC. The previous record was set on February 19 and is said to be more than 18,300 contracts, which corresponds to 64,300 BTC.

CME Cumulative volume of Bitcoin futures on April 4, 2019. Courtesy of CME Group

The CME Bitcoin Futures, according to a special page with frequently asked questions, were launched on December 17, 2017 and started trading the next day.

Bitcoin has won more than 27% from Tuesday to Wednesday this week, with co-founder of Fundstrat Global Advisors, Thomas Lee, who claims that since the 200-day moving average has been broken, Bitcoin is currently in a bull market .

Last month, news broke that Crypto Facilities, a UK-based crypto-exchange and futures provider, had seen its trading volume grow by more than 500% after being taken over by crypto-exchange Kraken.

As Cointelegraph reported in March, CME Group told Business Insider that Bitcoin's finite quantity is a challenge for regulators.

In March a Commodity Futures Trading Commission commissioner announced that the US regulator is actively working on the approval of multiple crypto-related applications, including Bitcoin futures from the institutional trading platform Bakkt.

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Don Bradman

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