CME Bitcoin Market Has Record Month, Could Boost BTC High

According to a recent report from CoinDesk, Bitcoin futures on the CME — one of the world’s leading derivatives market — saw a stellar June. The Chicago-based platform’s BTC-related vehicles were traded by over 2,960 accounts, most of which are purported to be hedge funds, large investors, institutional players, and cryptocurrency funds/miners.

This massive number of investors utilizing the CME’s Bitcoin amenities — the highest to-date — coincided with a 30% surge in account sign-ups, clearly accentuating that the asset’s recovery to $10,000 is driving investors back into BTC. Year-to-date, the CME has registered 1,000 new accounts to trade Bitcoin futures.

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