[Bitpush] The market has been volatile recently, and players from the traditional finance sector are flooding into the compliant crypto derivatives track.
On November 21, the Chicago Mercantile Exchange (CME) exploded—single-day crypto futures and options trading volume surged to 795,000 contracts, setting a new historical record. Even more astonishing, the average daily crypto derivatives trading volume at CME this year has reached 271,000 contracts, which translates to a notional value of $12 billion—a 132% jump compared to last year.
The open interest volume also tells a story, soaring 82% year-over-year. Simply put, both institutions and big players are using these regulated tools to hedge risks. After all, with Bitcoin hovering around $88,845 and Ethereum holding at $2,977, the market is so uncertain that everyone wants a reliable safe haven.
CME’s global head of crypto products also said that the greater the market volatility, the stronger the demand for high-liquidity, regulated risk management tools. It seems the line between traditional finance and the crypto world is blurring faster than we could have imagined.
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GweiTooHigh
· 11-24 21:04
795,000 contracts? Bro, are they really buying the dip or just gambling?
All the institutions are piling in, honestly it makes me a bit nervous.
This CME number is up 132% compared to last year... Where did all the money go?
Watching those whales hedge, all us retail investors can do is watch.
This market is definitely risky, though these compliant tools are actually pretty useful.
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OnlyUpOnly
· 11-24 20:41
Institutions are really not holding back on buying the dip, with 795,000 contracts exploding in a day; this is the real flow of funds.
The Wall Street wolves have smelled blood; the rise on CME is outrageous, compliance and wealth make for reckless behavior.
The numbers haven't fully digested yet; a 132% big pump at this growth rate feels like the bubble is being inflated as well.
However, to be fair, having a reliable safe haven is indeed attractive, much better than those shady exchanges in the crypto world.
Large investors are all hedging, while retail investors are still hesitating about whether to buy or not; the gap is astonishing.
An 82% rise in open interest; rat trading should have been set up a long time ago, right?
With a notional value of $12 billion shaking around, it could crush quite a few small retail investors; the level of the game is truly not the same.
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RektHunter
· 11-24 20:34
795,000 contracts? Damn, that number is insane. The traditional finance guys finally can’t sit still anymore.
Institutions are seeing such volatility and really don’t dare to go unhedged.
CME has directly become a safe haven, I didn’t expect that either.
Is this wave going to slowly suck blood or is it really about to take off?
Up 132%, looks really tempting.
CME crypto derivatives single-day trading volume surpasses 795,000 contracts: Institutions are flocking to the compliant track
[Bitpush] The market has been volatile recently, and players from the traditional finance sector are flooding into the compliant crypto derivatives track.
On November 21, the Chicago Mercantile Exchange (CME) exploded—single-day crypto futures and options trading volume surged to 795,000 contracts, setting a new historical record. Even more astonishing, the average daily crypto derivatives trading volume at CME this year has reached 271,000 contracts, which translates to a notional value of $12 billion—a 132% jump compared to last year.
The open interest volume also tells a story, soaring 82% year-over-year. Simply put, both institutions and big players are using these regulated tools to hedge risks. After all, with Bitcoin hovering around $88,845 and Ethereum holding at $2,977, the market is so uncertain that everyone wants a reliable safe haven.
CME’s global head of crypto products also said that the greater the market volatility, the stronger the demand for high-liquidity, regulated risk management tools. It seems the line between traditional finance and the crypto world is blurring faster than we could have imagined.