CME Bitcoin Options Trade $2.3M in Debut, BTC Price Hits 2-Month High
William Suberg's original article for cointelegraph.com reduced by 76%
Bitcoin futures options from CME Group saw volumes in excess of $2.3 million on the product's first day of public trading, the company has confirmed. Data from CME's official website confirmed the successful rollout on Jan. 13, which began as scheduled and ultimately saw 55 contracts change hands.
Bitcoin markets rallied on release day, rising by more than 5% to hit highs of $8,550. As Cointelegraph reported, enthusiasm was palpable in advance of the options debut last week, with Bitcoin likewise gaining significantly in the run-up to Monday. CME, along with competitor Bakkt, reported increased interest in futures during that period.
The past seven days have in fact seen two options releases, the other being from FTX, which began trading days before CME. According to live company data, FTX saw reported volumes of 3,618 BTC for its options over the past 24 hours - conspicuously higher than others' figures. Cointelegraph reached out to CME and Bakkt but had not received a response as of press time.
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