CME beats Bakkt's reported Bitcoin options volumes in one day

Tuesday 14 January 2020 12:39 CET | News

CME Group, a US-based derivatives exchange, has kicked off trading for its Bitcoin option by beating its rival, the Intercontinental Exchange-owned Bakkt.

CME Group has traded 55 contracts, worth about 275 Bitcoin or USD 2.1 million, in its new Bitcoin option. The launch of the product followed Bakkt’s Bitcoin options roll-out. Bakkt has traded slightly more than USD 1 million of Bitcoin for its options contract since its December 9, 2019 launch.

Market observers will remember that CME’s crosstown rival, Cboe Global Markets, was first to launch Bitcoin futures in December 2019, but ultimately announced they would stop offering the product, according to The Block Crypto.

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Keywords: CME Group, cryptocurrency, crypto, derivatives exchange, Bakkt
Categories: Blockchain & Cryptocurrencies | Cryptocurrencies
Countries: World
This article is part of category

Blockchain & Cryptocurrencies