CME Debuts Bitcoin Futures amid Muted Trading

Thin volumes have marked bitcoin futures contracts launched by its rival, but traders hope CME's move will bolster order book depth.

Once famous for its trading pits, Chicago is forging a new path as a leader in digital currency trading.

The Chicago Mercantile Exchange (CME) Group began trading in its bitcoin futures contracts on Sunday evening, posting modest numbers in its first few hours—just over 200 contracts were traded in the first 60 minutes.

The move has been highly anticipated by traders, given the CME’s larger market presence than Cboe Futures Exchange (CFE), located a mere ten-minute walk away from its larger rival in Chicago, which also launched its own contracts one week ago.

However, bitcoin’s volatility—which

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