In line with an official ‘tweet‘ published, renowned U.S derivative market ‘CME Group’ revealed that its Bitcoin [BTC] futures reported a record breaking trading volume on 4th April.
According to the tweet, the volume of its Bitcoin futures hit a record breaking high of over 22,500 contracts on 4th April, that summed to around 112,700 Bitcoins [BTC]. The previous record has been hit on 19th Feb and was reportedly over 18,300 contracts, equivalent to around 64,300 Bitcoins.
The CME Bitcoin Futures, in line with a dedicated frequently asked ‘queries page‘, were launched earlier on 17th Dec, 2017, and began trading from the next day.
Bitcoin gained over 27% from 2nd to 3rd of this month, with Fundstrat Global Advisors co-founder named Thomas Lee claiming that since it has presently broken over its 200-day-moving-average, Bitcoin [BTC] is presently following its ‘bull run‘.
Earlier in March, United Kingdom-based cryptocurrency exchange and futures provider Crypto Facilities had seen its trading volumes growth by over 500% after being acquired by cryptocurrency exchange named ‘Kraken’.
Even in March, CME Group ‘told‘ Business Insider that Bitcoin’s finite amount is a major challenge for the regulators.
In March, a CFTC [Commodity Futures Trading Commission] commissioner ‘stated‘ that the United States regulator is actively operating to approve multiple cryptocurrency related apps, together with Bitcoin futures from institutional trading platform named ‘Bakkt’.