CME recorded over $ 30 million in volume on the first day of trading with ETH Futures

CME recorded over $ 30 million in volume on the first day of trading with ETH Futures

After the first day of trading in Ether Futures, the Chicago Mercantile Exchange (CME) reports high interest.


9 Feb 2021 , 12:47 @ Katie Müller

CME recorded over $ 30 million in volume on the first day of trading with ETH Futures

After the first day of trading in Ether Futures, the Chicago Mercantile Exchange (CME) reports high interest.

As we informed you, the CME Group launched the long-awaited trading with ETH Futures on February 8 at 6:00 p.m. ET and today we know the first numbers.

Analysts at Arcane Research  released today a chart monitoring the first trading day on CME ETH Futures, which tracked volume and open interest.

In this chart we can see that only on the first day of trading it exceeded the trading volume of $ 30M, specifically $ 31M. As for the open interest, it was recorded at $ 20M.

In terms of trading terms, each monthly contract contains 50 ETHs, which in current terms is almost $ 88K. Investors must also take into account the minimum trade size, which is set at 5 contracts.

Read also: Elon Musk knew why he started promoting Bitcoin, Tesla invested $ 1.50 billion in Bitcoin in January

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