Back

CME Group Reports $15.3B Average Daily Crypto Contract Volume in October

CME Group’s crypto futures trading surged in October, led by a 583% jump in Micro Ether contracts and significant growth in Micro Bitcoin and Ether futures volumes.

BTC

Summary

CME Group recorded an average daily cryptocurrency contract volume of 379,000 in October, worth $15.3 billion. Micro Ether futures saw a 583% spike to 222,000 daily contracts, Micro Bitcoin futures rose 60% to 80,000 contracts, and Ether futures increased 357% to 24,000 contracts, indicating strong growth across both micro and standard crypto futures markets.

Terms & Concepts
  • Futures Contract: A legal agreement to buy or sell an asset at a predetermined price at a specified future date.
  • Micro Ether Futures: A smaller-sized derivatives contract based on Ether, designed to provide more accessible trading options.
  • Micro Bitcoin Futures: A smaller-sized derivatives contract based on Bitcoin, enabling lower capital requirements for participation.