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You can also read this news on COINTURK NEWS: <a href="https://en.coin-turk.com/record-breaking-trading-volumes-hit-crypto-futures-markets/" data-wpel-link="internal">Record-Breaking Trading Volumes Hit Crypto Futures Markets</a> 
Daily trading volumes for areas such as options and futures, including crypto futures, reached record levels this week on several exchanges. The crypto futures exchange Deribit announced in a February 29 post that its 24-hour trading volume hit an all-time high of $12.4 billion during the day. 
<h2 class="p1" style="text-align: justify" id="new-record-in-open-interest">New Record in Open Interest</h2> 
The platform also added that open interest, the number of futures contracts that have not yet been settled or closed, exceeded $29 billion, marking an all-time high. It was noted that Deribit’s third record was customer assets reaching $4 billion. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-321624" src="https://coin-turk.com/wp-content/uploads/2024/03/deribit-tweet.jpg" alt="" width="500" height="340"> 
On March 1st, <a href="https://en.coin-turk.com/kraken-suspends-trading-of-certain-cryptocurrencies-in-canada/" data-wpel-link="internal">Coinbase</a> Institutional, a regulated futures exchange in the United States, announced that it had its second-best day ever on February 29th, reaching 850 unique end-users and trading $380 million in nominal volume in <a href="https://en.coin-turk.com/magic-eden-expands-to-brc-20-tokens-boosting-bitcoin-based-nft-market/" data-wpel-link="internal">Bitcoin</a> and <a href="https://en.coin-turk.com/ethereum-price-forecast-and-etf-impact-analysis/" data-wpel-link="internal">Ethereum</a> contracts. 
Greeks Live, a professional option investor tool platform, also reported a historic high in 24-hour option trading volume at $620 million. Greeks Live indicated on March 1st that US spot Bitcoin exchange-traded funds (ETFs) were driving the spot bull market, reaching record volumes as the Bitcoin price rose to $64,000 this week. However, it was noted that option volume positions modestly increased: 
<blockquote> 
 “Robust entries are creating a very healthy market structure.” 
</blockquote> 
<h2 class="p1" style="text-align: justify" id="striking-statements-from-the-deribit-team">Striking Statements from the Deribit Team</h2> 
Every Friday is the expiration day for crypto options, and Deribit reported that there were about 32,000 Bitcoin options set to expire on March 1st, with a nominal value of $1.9 billion. In addition, approximately 235,000 Ethereum option contracts were also expiring with a nominal value of $793 million. 
<img loading="lazy" loading="lazy" decoding="async" class="aligncenter wp-image-321623 size-full" src="https://coin-turk.com/wp-content/uploads/2024/03/acik-ilgi-verisi.jpg" alt="" width="1882" height="552"> 
Spot Bitcoin ETF funds also had a strong week with record trading volumes exceeding $2 billion. However, on February 29th, there was an outflow of nearly $600 million from Grayscale’s ETF fund, which, according to preliminary data from Farside Investors, caused the net inflow for all ten ETF funds to drop to $93.8 million since February 6th, the lowest level. 
BlackRock’s Bitcoin fund saw net inflows of $604 million on February 29th, surpassing Grayscale’s net outflows and providing more inflows than all other ETF funds combined for the day. 
<h5>The post first appeared on COINTURK NEWS: <a href="https://en.coin-turk.com/record-breaking-trading-volumes-hit-crypto-futures-markets/" data-wpel-link="internal">Record-Breaking Trading Volumes Hit Crypto Futures Markets</a></h5>

Record-Breaking Trading Volumes Hit Crypto Futures Markets

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