CME June Volume Hits Record as Crypto Derivatives Trading Jumps 76%

CME Group, the world's largest derivatives exchange, said its average daily volume in June reached a record, while crypto derivatives trading posted a sharp increase.

The exchange said on July 3 that June average daily volume rose 19% from a year earlier to 30.6 million contracts, the highest ever for the month.

Second-quarter average daily volume was 29.8 million contracts, the second-highest level on record, CME said.

By asset class, equity index and agricultural products posted record monthly volume in June. Equity index products averaged 10.1 million contracts a day, up 54% from a year earlier. Micro E-mini Nasdaq-100 futures averaged a record 3.2 million contracts a day.

Interest-rate products averaged 13.6 million contracts a day in June, up 17% from a year earlier. US Treasury futures and options volume rose 19% to 7.2 million contracts, while 30-Day Federal Funds futures volume increased 33% to 533,000 contracts.

Crypto derivatives trading also climbed sharply. CME's cryptocurrency products averaged 334,000 contracts a day in June, up 76% from a year earlier. Notional trading volume totaled $10.7 billion.

Micro Bitcoin futures averaged 77,000 contracts a day, up 46%.

In the second quarter, cryptocurrency products averaged 250,000 contracts a day, up 32% from a year earlier. Notional trading volume was $13.7 billion. Ether futures averaged 18,000 contracts a day, up 10%.

CME's total average daily volume for the second quarter was 29.8 million contracts. Interest-rate products averaged 14.5 million contracts, equity index products 8.6 million, energy products 2.7 million and agricultural products 2.1 million.

International volume also increased. Average daily volume outside the US reached 9.3 million contracts in June, up 17% from a year earlier. Volume in Europe, the Middle East and Africa rose 15% to 6.7 million contracts, while Asia-Pacific volume increased 21% to 2.2 million.