The year 2019 did not actually bode for most digital currencies and the crypto industry at large. Similarly, Bitcion related projects like crypto-derivatives exchange BitMEX, CME Bitcoin Futures among others did not have a sensational period last year.
Safe for 2020 which has been quite meritorious, most critics of the digital currency would not have had their gut closed.
Aside from Bitcoin’s market value, a number of projects surrounding the digital currency have been having good times in 2020.
Bakkt’s BTC Futures Open Interest just clinched new all-time high, and the CME Bitcoin Futures is also presenting another tremendous result.
As Bitcoin continues to rally high, the CME Bitcoin Futures has also registered $9,900+ high value.
According to an update revealed by Skew Market, CME Bitcoin Futures had 7 sessions in the last two weeks with over $500 million volume.
Skew afterward compared the volume to what was presented in between September and December 2019.
“CME had 7 sessions with volumes > $500mln in the last two weeks vs only 1 between September and December last year,” Skew stated.
According to the illustration issued by Skew, the CME Bitcoin futures has a daily maximum volume of $846 million and a maximum open interest of $288 million.
CME Bitcoin Futures Present $9,900/BTC High
Also, according to information pulled from BarChart, the Bitcoin futures clinched a high value of $9,945 yesterday, February 5. The lowest value presented by the CME Bitcoin Futures in the last 5 days is $9,130.
Image Credit: BarChart
As displayed on the graph, the Bitcoin futures continues to graduate towards the ceiling in line with the market trend of Bitcoin.
As at press time, the CME Bitcoin Futures is valued $9,790 against the US dollar haven lost 0.41 from its value against the giant fiat currency.
BitMEX’ Holding in Cold Wallet Rises by 100K BTC
Information from Skew Market, a blockchain data analytical firm, indicates that in spite of the numerous PR disasters BitMEX faced in 2019, customers of the exchange continue to put their fund on the crypto-derivatives exchange, showing their undaunted trust in the platform.
After the CFTC probe, BitMex’s cold wallet holding dropped but recovered later, presenting an increase of ~100,000 BTC six months after.
Some data around BitMEX which had a more challenging H2 last year with the CFTC probe in July, the email leak in November & a significant increase in competition on the perpetual swap product it created.
Observation #1: Customers continue to trust BitMEX with their funds! pic.twitter.com/vM28ZWuvzi
— skew (@skewdotcom) February 5, 2020