CME Group Bitcoin Futures Reported Record Trading Volume On April 4

The leading derivative market in the United States, the CME Group, recently pointed out that the Bitcoin futures market has climbed to a record trading volume. According to a tweet, April 4 was a big day for CME Group.

The tweet indicates that on that day, the volume of the Bitcoin futures has hit an all-time high of over 22,500 contracts which translates to about 112,700 BTC being traded. This is what the Bitcoin news today show in response to the previous record which has been hit on February 19th and was reportedly over 18,300 contracts and equivalent to 64,300 BTC.

”CME Bitcoin futures had a record trading day on April 4, hitting an all-time high volume of over 22.5K contracts (112.7K equivalent bitcoin), surpassing previous record of over 18.3K (64.3K equivalent bitcoin) on February 19. More #Bitcoin futures. $BTC_F https://spr.ly/6012EbNBp” the tweet says.

A Frequently Asked Questions (FAQ) page has additionally showed that the CME Bitcoin Futures were initially launched on December 17th 2017 and started trading the next day.

Over the past week, Bitcoin managed to gain over 27% from Tuesday to Wednesday only – with Fundstrat Global Advisors’ co-founder Thomas Lee claiming that since it has broken its 200-day moving average, Bitcoin has been in a bull market.

When it comes to the moving averages and records, last month the UK-based crypto exchange and futures provider Crypto Facilities had also seen its trading volumes grow by more than 500% after being bought by the crypto exchange Kraken.

Meanwhile, CME Group is still confident that Bitcoin’s finite amount is a challenge for regulators. At the same time, regulators are apparently working to approve multiple crypto-related applications including the Bakkt Bitcoin futures, according to a statement given by one CFTC trading commissioner in March this year.

This proves that a lot of it is in play for the Bitcoin futures market – and we could see a lot of improvements in the near future.