Bitcoin futures volumes wake to new dawn on CME and other exchanges
Institutional players follow retail traders’ lead to hedge risk exposure
After a lengthy period of hibernation, volumes of bitcoin futures on traditional exchanges spontaneously woke in April as cryptocurrency markets suddenly sprang to life once again.
Three days had barely passed in the month of April when bitcoin volumes were already up 151% from the month’s opening levels. On April 3, volumes stood at a daily average of $85 billion, according to crypto research website CoinCheckup.com, up from $34 billion on April 1.
Within that three-day timespan, bitcoin, the
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