CME Bitcoin futures spike during US presidential election
As votes came in on the night of Nov. 3, the day of the U.S. presidential election, ‘s (BTC) volume soared on the Chicago Mercantile Exchange, or CME.
“Overnight, before 9:00am NYT over 6,700 Bitcoin futures contracts traded (33,500 equivalent Bitcoin), 75% more than what has been observed YTD [year-to-date] and more than double the volume observed since launch,” a CME Group (NASDAQ:) spokesperson told Cointelegraph on Wednesday.
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