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Bitcoin Volume Doubles on CME, Crypto Booking With Benefits + More News – Cryptonews

Bitcoin Volume Doubles on CME, Crypto Booking With Benefits + More News 101
Source: Adobe/Sergey Yarochkin

Get your daily, bite-sized digest of cryptoasset and blockchain-related news – investigating the stories flying under the radar of today’s crypto news.

Trading news

  • Bitcoin (BTC) average daily volume reached 11,179 contracts (55.9K equivalent bitcoin) in December, up 114% YoY, major derivatives platform CME said today, commenting on their BTC futures and options results. This volume lifted average daily open interest to 11,701 contracts (58.5K equivalent bitcoin), up 252%. The number of large open interest holders grew to a record of 110 in the first week of December, indicating strengthening institutional interest, they added.
  • US approval of a Bitcoin exchange-traded fund could weigh on BTC’s price in the short term because competition from such a vehicle could spark outflows from the Grayscale Bitcoin Trust, the world’s largest traded cryptocurrency fund, Bloomberg reported, citing JPMorgan Chase & Co.

Crypto adoption news

  • Crypto.com (CRO) has announced a partnership with Booking.com to deliver travel deals to all Crypto.com users, available exclusively inside the Crypto.com App. Their users “enjoy up to 25% off accommodations” while users who pay using their Crypto.com Visa Card can get up to 8% back on spending along with other benefits.
  • Hermez, a Layer 2 solution that scales token transfers on top of Ethereum (ETH) said it will launch
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