Record-breaking Interest in CME Group’s Ethereum Options: What does this mean for the Cryptocurrency?

World-renowned company CME Group recently announced that the open interest towards Ethereum (ETH) options has reached an all-time high. So, what does this mean for the cryptocurrency? Surging Interest in Ethereum! The open interest of the Ethereum options market, announced by CME Group recently, was recorded as $254 million in June. Open interest refers to the number of outstanding contracts. According to data obtained from The Block, the open position towards Bitcoin (BTC) options on CME is almost at its all-time high, with the OI at $1.59 billion. In April, the OI for options linked to the largest cryptocurrency reached $1.69 billion. Despite the falling Ethereum options volume in June, it steadily increased throughout most of the year, rising from $84 million in January to $334 million in May. Moreover, if we consider Bitcoin options, they have risen for the third consecutive month in June. However, it remained below its […] The post Record-breaking Interest in CME Group’s Ethereum Options: What does this mean for the Cryptocurrency? appeared first on COINTURK NEWS.