CME Exchange Sees Ether Futures Volume Overtake Bitcoin for First Time
Ether futures contracts have surpassed Bitcoin in trading volume on the Chicago Mercantile Exchange for the first time, signaling a potential shift in institutional crypto strategies. The reversal coincides with heightened market volatility, which Priyanka Jain of CME notes has 'acted as a powerful lever' for professional trader participation.
Open interest in ETH derivatives exceeded Bitcoin's in July—an unprecedented development that underscores Ether's growing prominence in regulated markets. While bitcoin retains nominal value dominance, its lead narrows against Ethereum's surging derivatives activity.