# CME’s Bitcoin futures facilitated over 11 million BTC in volume last year
“# CME’s Bitcoin futures facilitated over 11 million BTC in volume last year ”
The trading hub recorded higher than normal numbers as Bitcoin’s price heated up in December, following a break of its 2017 all-time price high of $19,892 on Dec. 1. “BTC average daily volume (ADV) reached 11,179 contracts (55.9K equivalent bitcoin) in December, up 114% YoY [year over year],” the CME representative said.
Average daily open interest, or ADOI, “reached a record of 11,108 contracts (55,540 equivalent bitcoin) in Q4, up 233% vs. Q4 2019,” according to a statement from CME Group. Big players also showed up for trading, evident in the exchange’s large open interest holders, or LOIH, count. “The number of LOIH grew to a record of 110 in the first week of December, indicating strengthening institutional interest,” the CME representative said.
The CME is planning a February launch for its Ethereum (ETH) futures, which were initially announced in December.
A number of large financial entities expressed interest in Bitcoin in 2020, including MicroStrategy and Square, who allocated large sums of capital to crypto’s first asset.
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