CME Bitcoin Futures Down 10%, Still Ahead of Binance
CME Group, the world's largest financial derivatives exchange, has seen a 10% drop in its Bitcoin futures trading volume. Despite this decline, CME's trading volume still remains ahead of Binance, the world's largest cryptocurrency exchange.
CME's Bitcoin futures trading volume dropped to $2.7 billion in May, down from $3 billion in April. On the other hand, Binance's trading volume for Bitcoin futures stood at $2.4 billion in May.
While CME's trading volume has decreased, it is still maintaining its lead over Binance. This indicates that institutional investors are still actively participating in the Bitcoin futures market, despite the recent market downturn.
CME's Bitcoin futures trading volume has been on a steady decline since February, when it reached an all-time high of $6.3 billion. However, it is important to note that CME's trading volume is still significantly higher than that of Binance.
The decline in CME's Bitcoin futures trading volume may be attributed to the recent market volatility and uncertainty surrounding the cryptocurrency market. However, the fact that CME is still ahead of Binance in terms of trading volume indicates that institutional investors are still confident in the long-term potential of Bitcoin and are actively participating in the market.
12 грудня 2023
