Cryptography analysis and research firm Arcane Research revealed the Chicago Mercantile Exchange (CME) has taken over the position of OKEx as the world's largest Bitcoin futures market.
The announcement was uploaded last Friday via a tweet on social media site, Twitter.
According to a report by BeInCrypto, for the first time CME's open interest in Bitcoin futures brought a total of $ 1.16 billion beyond OKEx's total value of only $ 1.07 billion.
This proves the high potential of Bitcoin investment inflows from the long-awaited institutional investors.
Futures trading is also able to play a role in large volatility of assets, especially at expiration.
CME futures contract for November 2020, BTCX20 expired last Friday with a settlement dated today.
As a result, the depreciation of BTC to $ 16,000 returned to its value above the $ 18,000 level yesterday.
Bitcoin is currently trading at $ 18,492, jumping 1.4% from its 24-day low of $ 18,069.
