The platform prides itself on being the first to launch Bitcoin futures back in 2017 and has noted a few milestones it achieved in a bid to prove its readiness for the new offering. The CME says it’s already pulled in average daily trades of over 6,500 Bitcoin contracts in 2019 alone, equal to 32,500 BTC. It also says it has more than 3,500 individual accounts in active trades and has a wide enough spread as 47 percent of its entire trading volume comes from interested traders who are not in the U.S.
According to earlier revealed details, the CME plans that the new feature will be handled in U.S. Dollars and will be based on a CME futures contract – which comprises five BTC. It will also be traded from Sunday 17:00 Central Time to Friday 16:00 Central Time.
