CME Bitcoin Futures Volume Surpasses Combined Spot Volume on Coinbase, Bitstamp, Bitfinex & Kraken


  • Institutional Traders feeling the BTC FOMO as record volumes registered on derivative exchanges
  • A rise in crypto institutional traders relative to retail traders
  • For the first time ever, Bitcoin futures trading volume at the CME Group surpassed spot volumes on major US accessible exchanges

    Institutions are all up in Bitcoin as the latest data states that it’s the institutional traders that are driving the market currently instead of retail investors.

    We have already seen Bakkt, Fidelity, and TD Ameritrade focused on launching their cryptocurrency products, hiring for crypto ventures, and engaging in acquisitions and partnerships to make their entry into the Bitcoin and crypto space.

    We also reported how the trading volume of Bitcoin futures on CME Group made another record in May, surpassing $1 billion in notional value. It’s not just for CME, however.

Bitcoin Derivatives Becoming the “New Thing”

In its recent report, Diar shared that Bitcoin derivatives are actually becoming the “new thing” in 2019. Apart from CME, BitMEX is enjoying high volume all thanks to the recent volatility as till now, the trading volume has gone to $78.6 billion in comparison to last month’s $61.5 billion and $64.6 billion in November 2018.

Derbit may have also found an institution-based audience. The Dutch-based trading venue that is focused on options has been hitting record volumes month-on-month. In May, the trading volume on weekends also marked a good proportion of the total trading volume this month.

Meanwhile, various products are also addressing physically-settled Bitcoin futures such as CoinFlex that found backing from Digital Currency Group and Polychain and has already launched two futures contracts.

Spot Trading Volume also Surges But CME Beats Them All

Just like derivatives exchange, spot trading volume is also enjoying a surge. Last week, Coinbase saw its largest market push as it opened its crypto to crypto trading to another 50 countries bringing its tally to 103 from 32 a year back.

However, per TradeBlock, the provider of institutional trading tools and research for digital currencies, the Bitcoin futures trading volume of CME has exceeded that of spot volume on major US accessible exchanges last month, for the first time ever.

“This suggests a rise in crypto institutional traders relative to retail traders,”

points out TradeBlock. As can be seen in the chart, in April, the bitcoin futures trading volume on CME matched the combined spot volume on Bittrex, itBit, Gemini, Kraken, Bitstamp, and Coinbase Pro.

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