CME Cryptocurrency Derivatives Q1 Average Daily Volume Hits All-Time High

BlockBeats News, April 2nd, driven by increased interest in microcontracts, the cryptocurrency derivatives market of the Chicago Mercantile Exchange Group (CME) set an activity record in the first quarter of this year.

According to CME's report, the Q1 average daily trading volume of crypto products on the platform was 198,000 contracts, with a nominal value of $11.3 billion. The company noted that its micro ETH futures hit a historical high with a trading volume of 76,000 contracts, while the trading volumes of its BTC and ETH futures contracts were 18,000 contracts and 13,000 contracts, respectively. Micro BTC futures trading also performed well, with a 113% year-on-year increase, reaching an Average Daily Volume (ADV) of 77,000 contracts.

BlockBeats Note: CME's BTC and ETH futures contracts have nominal values of 5 BTC and 50 ETH, respectively, with their micro contracts representing only 0.1 of each cryptocurrency.