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Bitcoin (BTC) futures trading activity on the Chicago Mercantile Exchange (CME) surged again this quarter, as the average daily volume in Q3 grew 41% versus Q2.

According to CME Group’s recent tweet, Q3 saw more than 5,000 contracts (25,000 BTC) worth of average daily trading volume (ADV) and a 2,870 daily open interest (OI). These numbers represent 41% and 19% increases, respectively, over the second quarter.

Given the success of Bitcoin futures products with institutional investors, CME Group is currently exploring additional altcoin trading products. We previously reported that CME and Crypto Facilities (CF), a UK-based digital asset exchange, are planning to launch an Ether-Dollar Reference Rate and Real-Time Index in response to the growing institutional need for enhanced pricing information on rapidly growing cryptocurrencies.

Similarly, Cboe Global Markets (CBOE) is planning to launch an Ethereum (ETH) equivalent to its Bitcoin futures product in the very near future. Cboe is currently awaiting further clarification from the Commodity Futures Trading Commission (CFTC) before fully launching the futures product.

[Read: Is the Upcoming Cboe Ethereum Futures Market a Bad Thing?]

Nonetheless, these products are still fairly speculative and have drawn the attention of regulators, as previous research has raised the possibility that CME’s Bitcoin futures prices are derived from manipulated exchange data.

More: CME Group Tweet
Related: CME Group: Bitcoin Futures Average Daily Volume up 93% in Q2

Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.

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