The volume of open interest in bitcoin options on the Chicago Mercantile Exchange (CME) grew more than 10 times per month, reaching $ 373 million as of June 10, compared with $ 35 million as of May 11.
For six days, this indicator also updated the historical maximum. According to Scew analyst firm, CME ranked second in terms of bitcoin options with a total market share of 20%.
The total bitcoin options market has grown by 50% over the past month, reaching $ 1.5 billion. In terms of volume, CME is second only to the Deribit crypto derivatives exchange.
— skew (@skewdotcom) June 10, 2020
In June, the trading volume of bitcoin options on the CME may set a new record after updating its historical maximum in May.
The CME’s BTC Options product is on track to smash its record-breaking volume of May 2020. pic.twitter.com/kizpPWpjw9
— skew (@skewdotcom) June 16, 2020
Open interest in bitcoin futures, by contrast, is recovering from a collapse in the first quarter. At CME, this figure approached $500 million, which puts the exchange in 10th place according to Skew.
— skew (@skewdotcom) June 11, 2020
Recall that in May the volume of open positions in bitcoin options on Deribit for the first time in history reached $ 1 billion. The total market volume for this month exceeded a record $3 billion.