The total trading volume of bitcoin futures on the Chicago Mercantile Exchange (CME) since the launch of the product in December 2017 exceeded $ 100 billion (equivalent to 13.5 million BTC) CME Group Managing Director, Tim McCourt, told in his comment to Cointelegraph.
The CME Group Exchange launched bitcoin futures trading in December 2017 a week after the Chicago Board Options Exchange (CBOE) offered the same product.
At the same time, CBOE stopped listing bitcoin futures in March 2019, while CME Group does not plan to remove such a trading instrument and exploring the possibility of launching a similar product for Ethereum.
“Our Bitcoin futures have evolved over the last two years and are now one of the most liquid, listed bitcoin derivatives available globally,” McCourt said
In addition, in January 2020, the Chicago Mercantile Exchange launched the trading of bitcoin options, thus competing with the Bakkt exchange, which launched options trading in December 2019.
Earlier, Tim McCourt denied the widespread theory that the launch of regulated bitcoin futures caused a market crash after the 2017 rally.