On February 18, the volume of trading in bitcoin futures on the Chicago Mercantile Exchange (CME) amounted to $ 1.1 billion. At $ 1 billion, the indicator exceeded only the third time in history, but then began a rapid decline, writes Cointelegraph with reference to data from the analytical service skew.
The next day, the price of bitcoin rushed down, and did not close the gap in the region of $ 10,500. On February 21, the volume on CME was only $ 118 million - a drop from the weekly peak was almost 90%.
On Monday, February 24, the figure recovered to $ 444.3 million. According to Bitwise, in the meantime, only $ 16.9 million was traded on Bakkt.
CME set a historical record in May last year - then the trading volume reached $ 1.3 billion.
Recall that on January 13, CME launched the trading of bitcoin options.