“The Exchange Saw ITS Crypto Derivatives Volumes Rise Sharply to $ 8.9 Billion in April, Led by Ether Futures Growth.”, – WRITE: www.coindesk.com
That Marks A 129% Jump Compared to the Same Month Last Year, Suggesting Growing Institutional Interest in Crypto Markets.
Ether Led The Growth. CME’S Ether Futures Adv Surged 239% to 14,000 Contracts, While Micro Ether Futures Climbed 165% to 63,000. Micro Bitcoin Futures Followed with A 115% Increase to 78,000 Contracts.
The Cme’s Bitcoin and Ether Futures Contracts Have a Larger Nocial Value, of 5 BTC and 50 ETH, Respectively. Micro Contracts, Meanwhile, Enable More Precise Trading, Representing Just 0.1 of Each Cryptocurrency.
The exchange operator had already retorded record cryptocurrency derivatives Volumes in the first quarter of the year. For the month of april, it Overall Adv Reached A Record 35.9 Million Contracts, Rising 36% Year-Over-Year.
Ether, After Significantly Underforming the Wider Cryptocurrency Market, Rose Just 1.1% Over The Past 30 Days, While the Price of Bitcoin Rose 15.8%. The Broader Crypto Market, MeASURUGH The COINDESK 20 (CD20) Index, SAW A 12.1% RISE.
