Wintermute Asia executes first options block trade with CME Group
Wintermute Asia, the cryptocurrency derivatives trading department of algorithmic trading company Wintermute Group, announced on Tuesday that it had executed its first bulk options trade through CME Group. Wintermute stated that the BTC/USD block was traded between Wintermute Asia and TP ICAP and cleared by the Dutch bank clearing house.
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CME becomes the exchange with the largest open interest in Bitcoin futures
Data shows that the open interest of Bitcoin futures on the Chicago Mercantile Exchange (CME) has increased to 111,080 BTC, exceeding Binance's 107,290 BTC, becoming the largest exchange for open interest in Bitcoin futures. Gabor Gurbacs, a strategy advisor at VanEck, commented, "Institutions are already here, and this is just the beginning."
