CME Reports Record High in Monthly Crypto Trading Volumes for January
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CME Reports Record High in Monthly Crypto Trading Volumes for January

CME Group announced remarkable growth in crypto trading, with volumes soaring 180% compared to the previous year, largely due to increased interest in micro contracts.

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Overview

In a recent announcement, the Chicago Mercantile Exchange Group (CME) reported an astonishing average daily trading volume (ADV) of 25.7 million contracts throughout January, marking a significant milestone.

Key Highlights

  • The cryptocurrency sector of the CME recorded an ADV of 198,000 contracts, showcasing a year-over-year volume increase of 180%.
  • Micro bitcoin (BTC) and ether (ETH) futures played a pivotal role in this surge, with the ADV of micro bitcoin futures increasing by 255% and micro ether futures increasing by 223%.

Detailed Figures

The CME’s crypto contracts held a notional value of approximately $13.6 billion for January. Their micro contracts allow for more flexibility in trading due to their smaller sizes, set at 0.1 of each cryptocurrency.

Future Contracts and Options

The exchange also announced the potential launch of options on Bitcoin Friday Futures, pending regulatory approval, further expanding trading opportunities in the crypto market.

For further details, you can view the detailed press release here.

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