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CME: Average Daily Volume for Bitcoin Futures Grew 41% in Q3

Published 12/31/2000, 07:00 PM
Updated 10/17/2018, 01:45 PM
© Reuters.

© Reuters.

Average daily volumes for bitcoin futures trading saw a significant jump in the third quarter compared to the last period, according to CME Group (NASDAQ:CME).

The firm – which launched bitcoin futures trading in December of last year – posted the results on Twitter on Wednesday. As the graph below shows, average daily volume hit 5,053 contracts in the third quarter, representing a 41 percent increase from 3,577 contracts in the second quarter. The figure also marks a 170 percent increase from the first quarter's 1,854 contracts.

CME also provided data on open interest, which represents the total number of unsettled contracts held by those trading in the market. That figure also grew, according to CME, rising from 1,523 contracts in the first quarter to 2,873 contracts in the third quarter, which represents growth from the second quarter's 2,405.

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