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The Block

@TheBlock__

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

theblock.co

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

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.

9:45 PM · Jan 31, 2023

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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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