The milestone came amid ongoing market volatility and increased demand for regulated crypto products.
Crypto News
CME Group reported its cryptocurrency futures and options suite reached an all-time daily volume record of 794,903 contracts on Friday, surpassing the previous record of 728,475 contracts set in August. The milestone came amid ongoing market volatility and increased demand for regulated crypto products.
The leading derivatives marketplace has seen average daily volume of 270,900 crypto contracts rise 132% year-over-year, representing $12 billion in notional value. Average open interest of 299,700 contracts climbed 82% year-over-year to $26.6 billion in notional value.
Giovanni Vicioso, global head of cryptocurrency products at CME Group, stated that amid ongoing market uncertainty, demand for deeply liquid, regulated crypto risk management tools is accelerating. Clients globally continue turning to benchmark cryptocurrency futures and options to hedge risk and pursue opportunities.
CME's micro futures and options suite hit a new daily volume record of 676,088 contracts on Friday, including record micro Bitcoin futures and options volume of 210,347 contracts. The firm offers investment products for Bitcoin, Ethereum, Solana and XRP.
Both large institutions and retail traders drove record activity across CME's product suite during the volatile trading period. The increase came during a painful month for the broader crypto market.
U.S. spot Bitcoin ETFs reported $1.22 billion in net outflows last week, bringing four-week cumulative outflows to $4.34 billion. Global crypto ETPs are experiencing their third-worst stretch since 2018, according to CoinShares.
Through the fourth quarter, CME Group's average daily volume of 403,200 crypto contracts is up 106% from the prior year at $14.2 billion in notional value. Average open interest of 493,700 contracts rose 117% to $35.4 billion in notional value.
CME launched options on Solana and XRP futures in October, expanding its cryptocurrency product offerings. The firm plans to move its cryptocurrency futures and options to continuous 24/7 trading early next year.
The record volumes demonstrate growing institutional adoption of regulated crypto derivatives as investors seek risk management tools during periods of heightened market volatility.
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