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Fast Take
Information from The Block reveals that the Bitcoin futures buying and selling quantity and open curiosity on the Chicago Mercantile Change (CME) have reached their highest ranges for the yr. The buying and selling quantity for July 2023 reached a outstanding $56 billion, and open curiosity hit a peak of $2.55 billion. This means a major rise in market participation and buyers’ robust curiosity in Bitcoin futures.
Further information from Glassnode reveals that the CME’s share of the entire futures open curiosity is at present 18%, just under its highest-recorded share of 23%. This means that the CME continues to carry a considerable portion of the general market share, regardless of fierce competitors within the futures market.
These outcomes spotlight the rising acceptance and use of Bitcoin futures as an funding device. This might doubtlessly point out a wider development towards the adoption of cryptocurrencies and their derivatives within the monetary market.
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The submit CME Bitcoin futures hit new highs as investor curiosity surges appeared first on CryptoSlate.
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