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CME Group, the largest derivative market in the United States, reported that its Bitcoin futures (BTC) had record deal volumes on April 4, according to their tweet.
According to the tweet, the volume of its Bitcoin futures reached on April 4 a record of more than 22,500 contracts, which equates to about 112,700 BTC. The previous record was reached on February 19 and had more than 18,300 contracts, or 64,300 BTC.
Cumulative Volume of CME Bitcoin Futures on April 4, 2019. Courtesy of CME Group
According to a page dedicated to frequently asked questions, the CME Bitcoin Futures were launched on December 17, 2017 and began to be traded the next day.
Bitcoin rose more than 27% between Tuesday and Wednesday of this week. Fundstrat Global Advisors' co-founder Thomas Lee said that since it has exceeded its 200-day moving average, Bitcoin is currently in a bull market.
Last month, the news revealed that Crypto Facilities, a UK-based provider of cryptographic solutions, had seen its transaction volumes grow by more than 500% after its acquisition by the Kraken Cryptographic Exchange.
As Cointelegraph reported in March, CME Group told Business Insider that the finite amount of Bitcoin was a challenge for regulators.
In March, a commissioner from the Commodity Futures Trading Commission revealed that the US regulator was actively working on approving a number of cryptography-related applications, including the Bitcoin Futures on the Bakkt Institutional Trading Platform.
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