According to the analytical portal Skew, the aggregate trading volume in the bitcoin futures markets reached $ 5 billion per day.
This figure includes both CME settlement futures and Bakkt and Binance JEX delivery futures, as well as BitMEX and OKEx perpetual swaps.
The volume of daily trading in the spot market of bitcoinexceeds $ 19 billion (according to CoinMarketCap). The futures market is still far from this indicator, but recently more and more products have appeared on it.
Bakkt started trading in leading cryptocurrency deliverable futures in late September. On November 27, the platform updated the historical maximum of daily trading volumes - $ 42.5 million.
Also in September, launched two platforms forBitcoin futures trading leading cryptocurrency exchange Binance. At the end of October, the daily trading volume of derivatives reached a record level, exceeding $ 2 billion.
Bakkt previously announced the launch of Bitcoin options on December 9th. In January, CME will open trading in a similar derivative.
But Skew notes that the options market “has something to catch up” - over the past month, the trading volume amounted to only $ 35 million.
Recall that CME was the first to launch regulated bitcoin futures in December 2017. Following this, the first cryptocurrency collapsed from a historic high in the region of $ 20,000.
Ex-head of the Commission for derivatives trading(CFTC) Christopher Giancarlo recently stated that the launch of derivatives was a targeted action by the Donald Trump administration to eliminate the bubble in the cryptocurrency market. The CME has refuted this theory.