CME BTC Futures Monthly Volumes Reach Highest Level in a Year

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In July, CME Group recorded its highest monthly volumes of the year, amounting to $53.33 billion as of July 29.

This surpassed the figures seen in April this year, which saw $53.06 billion worth of contracts traded.

The Bitcoin futures market has also experienced a rise in open interest, standing at $2.5 billion.

Generally, exchanges across the crypto industry are facing low trading activity which is negatively impacting their revenues. Mi

Spot trading volumes are near their lowest level of 2020, with The Block’s data dashboard recording a seven-day moving average of $11.1 billion, a fraction of the $40 billion achieved in March.