The Chicago Mercantile Exchange Group (CME) has recently reported an important rise in both trading volume and nominal value of crypto contracts in January. The average daily trading volume reached 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 a significant 180% increase in crypto contracts compared to the same period last year. Particularly, 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, valued at 0.1% of the main contracts, allow investors to employ more precise trading strategies and better manage risks.
Furthermore, CME provides contract options for popular cryptocurrencies, enabling investors to trade at fixed prices on specific dates and allowing for flexible strategies.
In total, January witnessed a trading volume of 25.7 million contracts. CME has recently announced the introduction of options on Bitcoin Friday Futures, starting from February 24, pending regulatory approval.
CME shared these data and planned products with the public through an official press release, although no direct claims were made in the statement. The data released by CME reflects a trend towards increased trading volume and product diversity in the cryptocurrency markets. Investors should take these developments into consideration in their risk management and strategy formulation processes.