CME bitcoin futures volumes surpassed other bitcoin spot exchanges, says Bitwise
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CME Group, a Chicago-based derivatives exchange and a major player in bitcoin futures trading, has outpaced other bitcoin spot exchanges with a staggering $320.2M in bitcoin futures volumes in the last 24 hours, per Bitwise’s data.
According to Bitwise, CME’s bitcoin futures volume is almost $90 million more than the daily trading volume of Binance, the largest spot bitcoin exchange. Previously, CME Group had reportedly experienced a decrease of 29% in bitcoin futures volumes from February to March, hitting a cadence of $70.5 million in daily volumes. However, it bounced back at the beginning of April, with an all-time high volume of over 22,500 bitcoin futures contracts, equivalent to approximately $550 million.
AUTHOR
Celia joined The Block as a reporter after earning her BA in the History of Science from the University of Chicago. Having spent years pondering over why 2+2 cannot equal 5, she is interested in the history and philosophy of mathematics, computation, and cryptography. She also had a very brief stint at Crunchbase News.
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