CME: Average daily volume for Bitcoin futures grew 41% in Q3

posted about 2 months ago
Average daily volumes for Bitcoin futures trading saw a significant jump in Q3 compared to the last period, according to CME Group. Average daily volume hit 5,053 contracts in Q3, up 41% from 3,577 contracts in Q2. The figure also marks a 170% increase from the first quarter's 1,854 contracts.

CME also provided data on open interest, which represents the total number of unsettled contracts held by those trading in the market. This figure grew from 1,523 contracts in the Q1 to 2,873 contracts in Q3, representing growth from Q2's 2,405. Also, Tim McCourt, CME's managing director and global head of equity products and alternative investments said "Out of the 40% of Bitcoin futures trading on CME that's outside the US, 21% are coming from Asia."
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