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 was recorded at 198,000 contracts, with a total nominal value of $13.6 billion.
There has been a surge in contract volume and value, with CME reporting an impressive 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.
In addition to the standard contracts for Bitcoin and Ether, the exchange 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.
CME also 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 saw a trading volume of 25.7 million contracts, and recent announcements included the introduction of options on Bitcoin Friday Futures starting February 24, pending regulatory approval.
CME shared these data and planned products with the public through an official announcement. Although the statement did not make any direct claims, it was presented 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 want to consider these developments in their risk management and strategy formulation processes.
