CME Ethereum Futures Breaks Highest Transaction Volume and Outstanding Commitment

Ethereum futures traded on the Chicago Merchandise Exchange (CME) recorded all-time highs in both trading volume and outstanding contracts in early April. The Block reported this on the 15th (local time).

Ethereum Futures, launched on the exchange on February 8, provides institutions a hedging tool for cryptocurrency price volatility.

The number of outstanding contracts (the number of contracts that have not yet been settled) has been steadily increasing since the launch. According to data recently released by CME Group, as of April 7, there were 1,822 outstanding contracts, equivalent to 91,100 ETH. In addition, the trading volume reached a high of 2,247 transactions, equivalent to 112,500 ETH.

According to CME Group, an average of 820 contracts are traded daily through the exchange, and 36% of the total volume is traded outside the United States.

Cryptocurrency trading on CME has become a barometer of broader institutional activity in the field of digital assets. It can also provide a window for the needs of organizations for specific tokens.

(Ether futures traded on CME Group, the derivatives exchange operator, hit record highs in both volumes and open interest in early April.)

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Author/ Translator: Jamie Kim
Bio: Jamie Kim is a technology journalist. Raised in Hong Kong and always vocal at heart. She aims to share her expertise with the readers at Kim is a Bitcoin maximalist who believes with unwavering conviction that Bitcoin is the only cryptocurrency – in fact, currency – worth caring about.