Originally reported by-Cryptocurrency News 24/7 | Cryptonews.tel
Knowledge from CME’s official website confirmed the successful rollout on Jan. 13, which started as scheduled and finally noticed 55 contracts change arms.
Buyers lap up BTC options products
Each contract corresponds to 5 BTC, which means that at present prices, the 55 contracts have been value $2.34 million.
Bitcoin markets rallied on release day, rising by more than 5% to hit highs of $8,550. Those ranges had beforehand remained absent since mid-November.
As Cointelegraph reported, enthusiasm was palpable prematurely of the options debut final week, with Bitcoin likewise gaining significantly in the run-up to Monday. CME, together with competitor Bakkt, reported elevated interest in futures during that interval.
For Monday, Bakkt’s futures delivered total volumes of 2,907 contracts value $19.94 million, nonetheless down 10% on the earlier session. At the similar time, open curiosity was up 7% to $9.58 million.
FTX reported volumes spike
The past seven days have in reality seen two choices releases, the other being from FTX, which began trading days before CME.
In line with stay company data, FTX noticed reported volumes of three,618 BTC ($30.8 million) for its choices over the previous 24 hours — conspicuously greater than others’ figures.
Cointelegraph reached out to CME and Bakkt but had not acquired a response as of press time.
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