Strong Institutional Interest Before Bitcoin Halving

CME Says Volume Surge Shows Strong Institutional Interest Before Bitcoin Halving

“Chicago Mercantile Exchange (CME) says record trading activity for its bitcoin derivatives reflects a strong institutional interest in the imminent halving event.

In a note sent out late on Sunday, the derivatives exchange said a strong “ramp up” in volumes over the past week showed institutional investors were getting exposure to bitcoin, most likely in preparation ahead of the supply-cutting event.

Primarily used by institutional and professional investors, CME said 844 unique accounts have begun trading bitcoin derivatives since the start of 2020 – more than double the number of new market entrants compared to the same period last year.”

Master Asked on May 11, 2020 in Bitcoin.
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