The Chicago Mercantile Exchange Group (CME) has published data showing a significant rise in both trading volume and nominal value of crypto contracts in January. The average daily trading volume reached 198,000 contracts, with a total nominal value of $13.6 billion.
There has been a surge in the volume and value of contracts. CME reported a remarkable 180% increase in crypto contracts compared to the same period last year. Specifically, there was a 255% increase in micro Bitcoin futures and a 223% increase in micro Ether futures.
Apart from the standard contracts for Bitcoin and Ether, CME also offers smaller-sized micro contracts. These micro contracts are valued at 0.1% of the main contracts and provide investors with more precise trading strategies and risk management capabilities.
Additionally, CME allows for flexible strategies by offering contract options for high-market-share cryptocurrencies, enabling investors to trade at fixed prices on specified dates.
In total, January witnessed a trading volume of 25.7 million contracts. Recent announcements include the introduction of options on Bitcoin Friday Futures starting on February 24, subject to regulatory approval.
CME’s public announcement shared these data and planned products. Although the official statement does not make direct claims, the company presented the information in a press release format.
The data released by CME indicates a trend towards increased trading volume and product diversity in the cryptocurrency markets. Investors may take these developments into consideration in their risk management and strategy formulation processes.
