Bitcoin futures daily trading volume reached $ 5 billion

Bitcoin futures daily trading volume reached $ 5 billion

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According to the analytical portal Skew, the aggregate trading volume in the bitcoin futures markets reached $ 5 billion per day.

Bitcoin Futures market trading at least $ 5bln on a daily basis

This figure includes both CME settlement futures and Bakkt and Binance JEX delivery futures, as well as BitMEX and OKEx perpetual swaps.

The daily trading volume on the bitcoin spot market exceeds $ 19 billion (according to CoinMarketCap). The futures market is still far from this indicator, but recently more and more products have appeared on it.

Bakkt started trading in leading cryptocurrency deliverable futures in late September. On November 27, the platform updated the historical maximum of daily trading volumes – $ 42.5 million.

Also in September, the leading cryptocurrency exchange Binance launched two platforms for trading bitcoin futures. At the end of October, the daily trading volume of derivatives reached a record level, exceeding $ 2 billion.

Bakkt previously announced the launch of Bitcoin options on December 9th. In January, CME will open trading in a similar derivative.

But Skew notes that the options market “has something to catch up” – over the past month, the trading volume amounted to only $ 35 million.

Bitcoin options market has a lot to catch up – trading $ 35mln notional over the last month

Recall that CME was the first to launch regulated bitcoin futures in December 2017. Following this, the first cryptocurrency collapsed from a historic high in the region of $ 20,000.

Ex-head of the Commission on derivatives trading (CFTC) Christopher Giancarlo recently said that the launch of derivatives was a targeted action by the Donald Trump administration to eliminate the bubble in the cryptocurrency market. The CME has refuted this theory.

Bitcoin futures daily trading volume reached $ 5 billion

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