CME Group boasts 226% jump in crypto futures trading volume
The Chicago Mercantile Exchange (CME), the leading derivatives marketplace, reported a significant growth in cryptocurrency futures trading in October. The average daily trading volume (ADV) for crypto reached 379,000 contracts, representing a 226% year-over-year increase. Micro Ethereum futures saw a 583% surge with an ADV of 222,000 in October, while Bitcoin futures rose 60% with 80,000 contracts per day. CME Group's overall ADV hit a record high of 26.3 million contracts in October, an 8% increase from the previous year. The company attributed the rise in trading volume to new launches of XRP and Solana futures, as well as Spot-Quoted futures for Bitcoin and Ethereum. CME also plans to introduce 24/7 trading to meet growing institutional demand.
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CME Group sees record cryptocurrency futures trading
The Chicago Mercantile Exchange (CME Group), the world’s leading derivatives marketplace, witnessed a significant jump in cryptocurrency futures trading volume in October. The average daily trading volume (ADV) reached its highest level for the month, signaling an increase in institutional and retail trading activity in the crypto derivatives sector.
Year-on-year growth in futures trading volume
CME Group announced an 8% year-over-year increase in overall futures trading volume, with an average daily volume of 26.3 million contracts in October. This marked an all-time high, surpassing the previous record of 25.2 million contracts for the same month in 2023.
Explosion in cryptocurrency futures contracts
Cryptocurrency futures contracts showed remarkable growth in October, averaging 379,000 contracts per day, a 226% increase compared to the previous month. This jump, representing a volume of $15.3 billion ADV, highlights the rising interest in digital assets trading on regulated platforms.
Key performance of Ethereum and Bitcoin micros
Micro Ethereum futures contracts experienced a staggering 583% rise, achieving an ADV of 222,000 contracts in October. Meanwhile, micro Bitcoin futures contracts also saw growth, with an 80,000 ADV, representing a 60% month-over-month increase. Notably, regular Ethereum futures contracts spiked 357% to an ADV of 24,000 contracts.
Expansion of derivatives offerings at CME Group
CME Group continues to lead in crypto futures markets, enriched by recent launches such as XRP and Solana futures, as well as Spot-Quoted Bitcoin and Ethereum futures. Beyond cryptocurrencies, the exchange offers a diverse range of derivatives, including futures and options across asset classes like equity indexes, foreign exchange, energy, metals, and agriculture.
Meeting institutional demand with 24/7 trading
To cater to the growing demand among institutional clients, CME Group recently announced plans to introduce 24/7 futures and options trading. This move aligns with broader trends in global market access and the increased appetite for round-the-clock trading flexibility.