CME data suggests institutions are field-testing new crypto moves

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We’re just barely halfway through the month and CME’s crypto unit is already logging its best month since it launched bitcoin futures contracts way back in 2017. 

As many loyal Empire readers know, I like to look at CME data to understand where traders and institutions are putting their money.

So, yesterday I caught up with Gio Vicioso, CME’s head of crypto. Turns out, the firm is averaging “a little bit over $10 billion a day across our futures suite.”

“Just comparing November this year to last, our volume and contract terms are up more than 5x … and then we’re also seeing…

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