Summary
- CoinDesk reported that CME's Q1 cryptocurrency futures trading volume hit a record high.
- It was stated that investor interest in micro Bitcoin and Ethereum futures trading has surged.
- The increase in CME's cryptocurrency trading volume reflects the growing investor interest in micro cryptocurrency contracts.
The quarterly cryptocurrency (crypto) futures trading volume at the Chicago Mercantile Exchange (CME) in the United States hit an all-time high.
According to CoinDesk on the 2nd (local time), CME's average daily futures trading volume in Q1 reached 198,000 contracts (worth $11.3 billion), marking a record high on a quarterly basis. The average daily futures trading volumes for Bitcoin (BTC) and Ethereum (ETH) reached 18,000 and 13,000 contracts, respectively.
The media explained, "The surge in CME cryptocurrency futures trading volume is due to increased investor interest in micro Bitcoin and Ethereum futures trading." According to the data, the average daily trading volume of micro Bitcoin futures products increased by 113% year-on-year to reach 77,000 contracts, reflecting heightened investor interest in micro cryptocurrency contracts.
Meanwhile, the average daily trading volume of all derivatives, including CME's cryptocurrencies, reached a record high of 29.8 million contracts.
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit![[Market] Bitcoin breaks below $68,000 as losses deepen](https://media.bloomingbit.io/PROD/news/3a08fe32-6a33-4a62-bb89-4afb5c5399ca.webp?w=250)
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