- CME announced that Bitcoin futures hit a record 22,542 bitcoin contracts, worth about $546 million.
- Joseph Young notes that this is a significant indicator that “overall interest in crypto in Asia is rising fairly rapidly.”
Bitcoin Futures trading has received renewed interest following the spike in Bitcoin’s price. CME Bitcoin futures hit a record 22,542 contracts traded on April 4, equivalent to 112,710 BTC (~$546 million). According to CME, the majority of the trading volume on that day came in Asia hours with 12,634 contracts traded. This spike came after Bitcoin’s price surged by 30% over the two previous trading days.