CME Bitcoin Futures Volume Hits Record High as Prices Rebound
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The sudden resurgence in Bitcoin prices this month is also providing a boost for the futures market, with CME Group Inc. contract trading volumes for the largest cryptocurrency hitting a record high.
CME Bitcoin futures hit a record 22,542 contracts traded on April 4, equivalent to 112,710 Bitcoin with a notional value of $546 million, according to a release from the derivatives exchange operator. A majority of the trading volume on that day came in Asia hours with 12,634 contracts traded, CME said.