The person who manages CME Group’s cryptocurrency department explained how they left Binance behind in futures transactions.
CME has surpassed Binance to become the largest exchange for Bitcoin futures. According to the statements of Giovanni Vicioso, one of the managers of CME Group, this is due to the change in trend in the market.
According to information reported by DL News, Vicioso said, “There has been a flight towards regulated futures contracts in crypto.” said.
According to CoinGlass data, the value of open positions in CME Group exceeded 4 billion dollars, breaking a record. Meanwhile, CME surpassed other exchanges by increasing its market share to 24%.
Vicioso said, “The events that took place across the cryptocurrency market last year enabled the cryptocurrency services we offer to be better understood, appreciated more and used more.” said.
According to CME data asset managersin CME Group as of October 31 More than 9 thousand Bitcoin futures contracts was holding.
According to Vicioso’s statements, CME has a variety of customers such as traditional liquidity providers, cryptocurrency-focused funds, banking firms, ETF providers, and individual investors.
Vicioso, hedge funds and some “big money managers” He added that he started to show interest in Bitcoin.