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CME bitcoin futures cross $1 billion in open interest — a new all-time high

CME bitcoin futures cross $1 billion in open interest — a new all-time high

CME Group’s cash-settled bitcoin futures have hit an all-time high open interest of $1 billion. The milestone comes as bitcoin price continues to surge at around $18,000 levels. The spike in the open interest, or the value of outstanding derivative contracts that are yet to be settled, suggests that more money is flowing in the …

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