CME's bitcoin futures market saw volumes for July top its previous high — clocking in volumes of $53.33 billion with one day left in the month.
With one day left in the monthly, the market’s volumes topped $53.3 billion.Connect/Create WalletNo wallet? No problem. You can set one up for free. We recommend Torus for first-time users.Despite dwindling volumes across cryptocurrency trading venues and exchanges, CME Group clocked its highest monthly volumes of the year in July, according to data from The Block's data dashboard.
CME's bitcoin futures market saw volumes for July top its previous high in April, with the exchange clocking in volumes of $53.33 billion with one day left in the month. In April, the firm saw $53.06 billion worth of contracts trade hands. As of July 29, open interest in the CME bitcoin futures market stood at $2.5 billion. The market — popular among institutional investors like hedge funds and large trading firms — stands out in the crypto industry. Exchanges across the space have been under pressure from low trading activity, which makes up the lion's share of their revenues.showing
the seven-day moving average for spot crypto trading at $11.1 billion. That's about a quarter of where it stood when it clocked in a year-high above $40 billion in March. © 2023 The Block Crypto, Inc. All Rights Reserved. This article is provided for informational purposes only. It is not offered or intended to be used as legal, tax, investment, financial, or other advice.
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