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George Ma
May 17 11:08

Volume of open positions in bitcoin options at CME has soared ten times in two weeks

Open interest in bitcoin options on the Chicago Mercantile Exchange (CME) reached $142 million by May 15, more than ten times the value of two weeks ago.
According to cryptodata provider Skew, in late April the value of this indicator almost reached US$12 million.
A few days before the third halving, trading volumes of bitcoin options jumped to US$10m before returning to the US$1m in April, the day before the award was cut in half. After this event, CME participants became even more active in options trading - on May 11, the trading volume jumped to US$11 million, and in the last three days it has varied in the range of US$30-40 million.
A week before halving, the same situation at CME was observed in the number of open positions on bitcoin futures.
The growth of trading volumes and open interest confirms the growing interest of institutional investors in the cryptomarket.
Earlier, the legendary trader and founder of hedge fund Tudor Investment Paul Tudor Jones told his clients that he considers trading bitcoin futures as an insurance against the current policy of central banks, which print money to fight the coronavirus pandemic.
Prior to that, Tetsuyuki Oishi, CEO of Bitcoin Lab, predicted an active inflow of institutions to Bitcoin due to the impact of the COVID-19 pandemic.