Originally reported by-Cryptocurrency News 24/7 | Cryptonews.tel

Bitcoin (BTC) futures choices from CME Group saw volumes in excess of $2.3 million on the product’s first day of public buying and selling, the corporate has confirmed. 

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.

  • Bitcoin
  • Ethereum
Scan to Donate Bitcoin to bc1qgpg2g2nq6wzfn0vywve8ydrzqxpqw3st4dmpn9

Donate Bitcoin to this ERC20 address

Scan the QR code or copy the address below into your wallet to send some Bitcoin. The address is ERC20, anything helps.

Scan to Donate Ethereum to 0xc77aff36f2475d945fA837507C9596ee3D39a0Ec

Donate Ethereum to this ERC20 address

Scan the QR code or copy the address below into your wallet to send some Ethereum. The address is ERC20, anything helps.