CME Group’s Crypto Open Interest Surpasses $40 Billion as Institutional Demand Soars

CME Group reports that open interest in its digital currency instruments has surged to nearly $40 billion, demonstrating a surge in institutional participation within the crypto market. Tim McCourt, Senior Managing Director at CME Group, attributes this increase to robust investment demand from Asia-Pacific and declining U.S. interest rates, which are encouraging non-U.S. dollar funds to seek alternative hedging strategies in digital assets.