CME Group, or the Chicago Mercantile Exchange, saw a significant jump in cryptocurrency futures trading volume in October.CME Group, or the Chicago Mercantile Exchange, saw a significant jump in cryptocurrency futures trading volume in October.

CME Group boasts 226% jump in crypto futures trading volume

The Chicago Mercantile Exchange, the world’s leading derivatives marketplace, saw a significant jump in cryptocurrency futures trading volume in October, with average daily trading volume reaching its highest level of the month.

Summary
  • CME Group announced a 8% jump in futures trading volume, year-over-year.
  • The derivatives marketplace recorded an average daily volume of 379,000 contracts for crypto in October, a 226% increase.
  • Micro Ethereum futures contracts had an ADV of 222,000 over the month, a 583% rise.

CME Group said in an announcement on Tuesday that its average daily volume in October rose to an all-time high of 26.3 million contracts, with this showing a surge of 8% year-over-year.

According to details, the company’s previous AVD peak for October came in 2023 when daily contracts climbed to a total of 25.2 million.

CME Group crypto futures volume jumped 226% in Oct.

With CME Group taking the lead in crypto futures with recent launches for XRP and Solana, as well as the roll out Spot-Quoted futures for Bitcoin and Ethereum, its trading volumes have picked up fresh momentum. 

In October, per market data the company shared on November 4, cryptocurrency futures contracts averaged 379,000 contracts per day. This jump in ADV, totaling $15.3 billion, represented a 226% increase over the month.

Key trends included a 583% jump in micro Ethereum futures contracts, with the volumes tied to the altcoin hitting an ADV of 222,000 in October. 

Meanwhile, micro Bitcoin futures contracts also rose from the previous month, with an average daily volume of 80,000 contracts. That marks a 60% growth, which nonetheless was lower than the 357% spike to 24,000 ADV for Ethereum futures contracts.

CME Group allows customers to trade various derivatives, including futures, options, cash, and over-the-counter products. These span all major asset classes – from equity indexes, foreign exchange, cryptocurrencies, energy, metals and agricultural products.

Recently, the company announced plans to offer 24/7 futures and options trading for its clients, citing increased institutional demand.

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