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CME Bitcoin Futures Averaged $515 Million Daily Volume in May

Published 08/28/2019, 11:48 AM
Updated 08/28/2019, 12:01 PM
© Reuters.  CME Bitcoin Futures Averaged $515 Million Daily Volume in May
BTC/USD
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The Chicago Mercantile Exchange (CME) Group’s Bitcoin (BTC) futures saw an average daily volume of $515 million in May 2019.

Forbes reports on Aug. 28 that the CME Group’s Bitcoin futures are seeing new records in trading activity. CME Group’s managing director Tim McCourt said that in May, Bitcoin futures were, “trading an average of more than 13,600 contracts each day, equal to ~$515 million in notional value or 68K equivalent bitcoins.”

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