CME Group reports $10 billion Average Daily Volume in Q4
CME Group, a US derivatives trade, reported file cryptocurrency buying and selling volumes in the course of the fourth quarter of 2024 throughout its earnings name on February 12. In accordance with CME, the typical every day buying and selling quantity for crypto derivatives in This fall 2024 was roughly $10 billion.
These astronomical figures symbolize a 300% enhance in comparison with the amount recorded within the earlier 12 months.
The trade introduced that 2025 is off to a powerful begin, with cryptocurrency contracts recording the highest-ever volumes in January.
Lynn Martin, CME’s chief monetary officer, said during the call, “Total, crypto derivatives have been among the many contracts that we noticed the most important will increase this 12 months.”
In January, CME mentioned it could record choices tied to its “bite-sized” Bitcoin Friday futures. This was completed as a result of an increasing number of common buyers are eager about cryptocurrency derivatives.
CME is without doubt one of the largest derivatives exchanges in the US, with revenues of roughly $6 billion in 2024. It has not but included contracts for different digital asset varieties, however it does record futures contracts and choices which are linked to Bitcoin (BTC) and Ether (ETH).
Coinbase, which established a derivatives trade in 2021, competes with the trade by providing futures contracts on a various number of cryptocurrencies.
Additionally Learn: CME Group Futures Now Available on Robinhood
