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Crypto Options Volume on CME Rose to Nearly $1B in July

Derivatives giant Chicago Mercantile Exchange (CME) recorded double-digit growth in crypto options trading volume in July, helped by investor appetite for hedging tools. Trading activity rose 24% to $940 million, registering the first increase in four months, according to data tracked by CCData. Volumes in bitcoin (BTC) options rose 16.6% to $734 million, while ether (ETH) options registered a 60% increase to $207 million. Options are derivative contracts that give the purchaser the right to buy or sell the underlying asset. CME's options give the buyer of the call/put the right to buy/sell one cryptocurrency futures contract at a specific price at some future date.

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