Analysts at Arcane Research released today a chart monitoring the first trading day on CME ETH Futures, which tracked volume and open interest.

In this chart we can see that only on the first day of trading it exceeded the trading volume of $ 30M, specifically $ 31M. As for the open interest, it was recorded at $ 20M.

In terms of trading terms, each monthly contract contains 50 ETHs, which in current terms is almost $ 88K. Investors must also take into account the minimum trade size, which is set at 5 contracts.

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If you belong to the category of traders that was already here during the first bull run, you will certainly remember the countless altcoins that tried to follow this wave.

Only time has shown which of these projects were able to fulfill what they promised and found real application.

The sad news is that up to 83% of these altcoins have failed to do this, and compared to their ATH, which they reached in 2018, they are in heavy minus to date, averaging -90%.

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Matej Korený

Matej Korený

Supporter and Provider of Decentralized Solutions | Digital Economy | Crypto | Blockchain | FinTech | CMO at CoDeTech