Mainstream marketplace exchange, the Chicago Mercantile Commutation, or CME, recently posted tape numbers for its Bitcoin (BTC) trading products.

May xiv yielded open interest of 10,792 Bitcoin futures trading contracts at CME, totalling 53,960 BTC — an best high for the product, co-ordinate to data a CME representative provided to Cointelegraph.

On May 4, CME besides tallied 66 large open interest holders, or LOIHs — another record. These LOIH figures in particular betoken added interest from institutions, the CME representative noted.

CME Bitcoin options have performed well since launch

CME largely opened the door for mainstream Bitcoin participation in December 2022, with the launch of its Bitcoin futures trading product. CME released another crypto trading production in 2022 with its Bitcoin options launch.

Since its BTC options inauguration, CME has seen approximately 5,000 of these contracts trade, equal to about 25,000 BTC in total book, the CME representative included.

Bitcoin options had a smashing week

May 13 and May 14 also hosted ii other CME crypto trading records. The outfit's Bitcoin options product hosted four,389 BTC worth of contracts — an all-time volume loftier for the product, every bit well as tape open interest valued at 14,535 BTC worth of contracts, the representative noted.

Contrasting CME'due south growing success, the Chicago Board Options commutation, or CBOE, pulled out of the Bitcoin trading race roughly a yr and a half subsequently launching BTC futures in December 2022. The CBOE removed its product from the shelves in March 2022, correct before Bitcoin began its rally to $13,900.