CME's crypto derivatives reach new highs as traders seek safe port in storm

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Derivatives trading giant CME Group has clocked a record high in volume and open interest for bitcoin options in the wake of the FTX meltdown.

Source: Digital Coin News (digitalcoinnews.net)

 

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This is such a naïve take. No physical delivery on these contracts = counterparty needs to hedge exposure... Genesis was used to nuke the crypto markets but that's a no go now so they are trying other means...

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