Chicago Mercantile Exchange’s Growing Influence on Bitcoin Futures: Promising or Overrated?

“Chicago Mercantile Exchange (CME) has played a key role in the Bitcoin futures market, amassing an impressive $5.45 billion open interest by October 2021. However, despite this surge, its pricing dynamics and volumes differ significantly from other crypto exchanges, making its position somewhat skewed when reflecting the overall crypto market. These differences also impact CME’s pricing, hindering its ability to accurately mirror Bitcoin’s price movements on other exchanges.”