The CME Group’s CryptoCurrency Derivatives Market posted a steep increase in trading activity in April, reaching a new average sun -sun volume (ADV) of 183,000 contracts worth $ 8.9 billion in notional terms, the firm reported.
That marks a 129% jump compared to the same month last year, suggesting the growing institutional interest in crypto markets.
Ether led the growth. CME’s Ether Futures Adv advanced 239% to 14,000 contracts, while micro ether futures rose to 165% to 63,000. The futures of the micro bitcoin were followed by an 115% increase in 78,000 contracts.
Bitcoin and Ether Futures contracts of CME have a larger notional amount, which is 5 BTC and 50 ETH, respectively. Meanwhile, micro contracts, provide more accurate trading, representing only 0.1 of each cryptocurrency.
The Exchange Operator has been reported that RVolumes of Ecord CryptoCurrency Derivatives In the first quarter of the year. For the month of April, the general ADV reached a record of 35.9 million contracts, rising 36% year-year.
Ether, after significantly underperforming the broader cryptocurrency market, only 1.1% increased in the last 30 days, as the price of Bitcoin increased by 15.8%. The wider crypto market, measured by CoinDesk 20 (CD20) Index, found a 12.1% increase.
