Trading volume for bitcoin and ether futures surpassed $32 trillion in 2021

Cryptocurrency • December 27, 2021, 1:14PM EST
Partner offers
The Block may may earn a commission if you use our partner offers, at no extra cost to you.

The combined trading volume of bitcoin (BTC) and ether (ETH) futures surged over $32 trillion in 2021, according to The Block Research.

That figure, based on data as of December 27, is a massive 338% increase compared to 2020 trading volumes. Last year, bitcoin and ether futures saw a combined trading volume of over $7 trillion.

The month of May had the highest trading volume in 2021 for both bitcoin and ether futures, with a combined value of over $4 trillion. Binance is the market leader for both bitcoin and ether futures trading markets.

The year 2021 was also a record year for crypto spot trading volumes. Centralized crypto exchanges reported over $14 trillion worth of trading volume during the year, and decentralized exchanges saw over $1 trillion worth of trading volume.

AUTHOR

Yogita Khatri profile picture Yogita Khatri

Yogita Khatri is a senior reporter at The Block and the author of The Funding newsletter. As our longest-serving editorial member, Yogita has been instrumental in breaking numerous stories, exclusives and scoops. With over 3,000 articles to her name, Yogita is The Block's most-published and most-read author of all time. Before joining The Block, Yogita wrote for CoinDesk and The Economic Times. You can reach her at [email protected] or follow her latest updates on X at @Yogita_Khatri5.

See More
Connect on

WHO WE ARE

The Block is a news provider that strives to be the first and final word on digital assets news, research, and data.

+ Follow us on Google News
Connect with the block on

More by Yogita Khatri