CME Group reports 170% increase in Q3 Bitcoin futures average daily volume

CME Group reports 170% increase in Q3 Bitcoin futures average daily volume
12 months ago
2 mins read

On October 4, the world’s most recognized derivatives marketplace, CME Group, announced its Q3 and September 2021 market statistics.

In a press statement, the company revealed that an average daily volume (ADV) for Bitcoin futures increased by 170% in the third quarter of 2021. The figures clearly suggest that interest in Bitcoin is resilient despite regulatory uncertainty around the asset.

Via the CME Group, customers have an effective exposure to the Bitcoin market, as well as the facility to save money on possible margin offsets between Bitcoin futures and options on Bitcoin futures. Furthermore, clients can also benefit from efficient price discovery in transparent futures markets. 

As a result, Bitcoin futures ADV was up to 24,236, which overall was an increase of 170% in Q3, notably between August 20 and October 1; the largest futures volume was seen on September 7, with volume at 15,998 and open interest 6,659. 

Conversely, the lowest volume took place on September 15, with volume at 3,617 and open interest at 6,721, according to statistics from CME Group.

Bitcoin futures – volume & open interest 20 AUG – 1 OCT 2021

Open Interest remains higher than volume

Curiously, the open interest in Bitcoin futures has stayed consistently higher than the volume between August 20 and October 1, with the exception of a single day on September 7 when the Bitcoin futures volume reached its highest.  

Elsewhere, more than 2.1 million total contracts have traded since the launch of micro Bitcoin futures on May 3, with an ADV of 21,000 contracts.

In addition, according to the most recent statistics, Micro E-mini futures and options accounted for 34% Equity Equity Index ADV, with Micro Bitcoin futures accounting for just 0.3 % Equity Index ADV.

Bitcoin exposure

It is worth mentioning that by investing in Bitcoin futures and options through CME Group, investors  may broaden their choices for hedging against cryptocurrency risk. Traders can also take advantage of the increasing interest in cryptocurrencies and the demand for products that help to manage Bitcoin exposure.

Finally, on top of the option to trade Bitcoin futures, CME Group offers customers the ability to trade, options, cash, and over-the-counter (OTC) markets, optimize portfolios, and analyze data, giving market players across the globe the tools they need to effectively manage risk and seize opportunities.

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Jordan Major

Jordan is an investor and market analyst. He's passionate about stocks, ETFs, blockchain, and digital assets. At Finbold.com, he delves into the technicalities to obtain future trends for new market traders and gives insights into user-friendly platforms for beginners.