MarketVoice
Data Spotlight - Open interest in top crypto derivatives hit new highs in 2023
Looking at CME's dominant bitcoin and ether products, the Chicago-based exchange saw an impressive 154% jump year-over-year in volume across its bitcoin futures and options as a group across the January-to-August timeframe, and an 87% rise in open interest.
READ MOREViewpoint - Disincentivizing clearing: It’s déjà vu all over again
In the wake of Silicon Valley Bank’s failure, U.S. regulators announced in July a proposal that raise the amount of capital required for the clearing of over-the-counter (OTC) derivatives. This is a dangerous move that disincentivizes hedging among businesses, runs counter to reforms aimed at preventing government bailouts, and increases costs for consumers and businesses.
