December 2, 2022

CME Bitcoin Futures Trading Volume Falls Nearly $ 1 Billion In Three Days

On February 18, the volume of trading in bitcoin futures on the Chicago Mercantile Exchange (CME) amounted to $ 1.1 billion. At $ 1 billion, the indicator exceeded only the third time in history, but then began a rapid decline, writes Cointelegraph with reference to data from the analytical service skew.

CME Bitcoin Futures Trading Volume Falls Nearly $ 1 Billion In Three Days

Skew Data

The next day, the price of bitcoin rushed down, and did not close the gap in the region of $ 10,500. On February 21, the volume on CME was only $ 118 million - a drop from the weekly peak was almost 90%.

On Monday, February 24, the figure recovered to $ 444.3 million. According to Bitwise, in the meantime, only $ 16.9 million was traded on Bakkt.

CME set a historical record in May last year - then the trading volume reached $ 1.3 billion.

Recall that on January 13, CME launched the trading of bitcoin options.