The volume of open positions in bitcoin options on CME soared ten times in two weeks

The volume of open interest in options for bitcoin on the Chicago Mercantile Exchange (CME) reached $ 142 million by May 15, which exceeded the value of two weeks ago by more than ten times.

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According to data from the cryptocurrency market data provider Skew, at the end of April the value of this indicator almost reached $ 12 million.

Few days before the third halving volumesBitcoin options trading jumped to $ 10 million before returning to the usual $ 1 million in April a day before halving the rewards to miners. After this event, CME participants became even more active in trading options - on May 11, the trading volume jumped to $ 11 million, and in the last three days it ranged from $ 30-40 million.

A week before the halving, a similar situation on the CME was observed by the number of open positions on bitcoin futures.

The growth in trading volumes and open interest confirms the growing interest of institutional investors in the cryptocurrency market

Recall the legendary trader and founderTudor Investment Hedge Fund Paul Tudor Jones told his clients that he sees trading in bitcoin futures as insurance against current policies by central banks that print money to fight the coronavirus pandemic.

Prior to this, Bitcoin Lab CEO Tetsuyuki Oishi predicted an active influx of institutionalists into Bitcoin due to the impact of the COVID-19 pandemic