CME Group Bitcoin Futures and Options See Notable Growth In 2020

CME Group Bitcoin Options

CME Group Bitcoin Options

Bitcoin futures and options see notable growth in 2020

Bitcoin futures Average Daily Volume (ADV) up 106% MoM

With increased geopolitical concerns, market participants continue to turn to CME Bitcoin products to manage bitcoin risk on a regulated platform. 

January 2020 was Bitcoin futures' second-best month since their 2017 launch, averaging 10.8K contracts, 69% greater than the average daily volume (ADV) in 2019. 

Options on Bitcoin futures

New options on Bitcoin futures are also picking up pace, with strong liquidity provider support and two-sided quotes as tight as 2 ticks wide. Since launch, 466 options contracts (2.3K equivalent bitcoin) have traded -- nearly 40% as blocks, showing signs of institutional interest.

Bitcoin futures January 2020 highlights*

  • ADV of 10,761 contracts (53,805 equivalent bitcoin or ~$461M notional value)
  • Average daily OI of 4,404 contracts (22,019 equivalent bitcoin), +33% vs 2019
  • Record monthly average of 56 large open interest holders (entities that hold 25+ contracts) 
  • 3,800+ unique, active accounts that have traded since launch

Learn more about Bitcoin futures at the CME Group.

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