CME's Bitcoin futures facilitated over 11 million BTC in volume last year
Last year was a volatile one for Bitcoin and other cryptocurrencies. The Chicago Mercantile Exchange, or CME, has recorded significant volume for its Bitcoin (BTC) futures trading product over the course of the last 12 months. “More than 2.2+ million contracts were traded in 2020,” a CME representative told Cointelegraph. Each cash-settled Bitcoin futures contract at the CME is worth the dollar value of 5 Bitcoin.The trading hub recorded higher than normal numbers as Bitcoin’s price heated up in December 2020 following a break of its 2017 all-time price high of $19,892 on Dec. 1. “BTC....
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