CME cryptocurrency derivatives have a record average daily trading volume in Q1

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04-02 20:25

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On April 2, the Chicago Mercantile Exchange Group (CME) cryptocurrency derivatives market set a record activity in the first quarter of this year, fueled by increased interest in microcontracts.

According to a report from CME, the average daily transaction volume of Q1 crypto products on the platform is 198,000 contracts with a nominal value of $11.3 billion. The company noted that its micro ETH futures hit record highs with trading volumes of 76,000 contracts, while its BTC and ETH futures contracts traded at 18,000 and 13,000 contracts, respectively. Micro BTC futures trading also performed well, up 113% year-on-year, with an average daily trading volume (ADV) of 77,000 contracts.

Note: CME's BTC and ETH futures contracts have nominal values of 5 BTC and 50 ETH, respectively, and its microcontracts represent only 0.1 for each cryptocurrency.

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