The total derivatives trading volume on CME rose 35% in January to $94.9 billion, according to data provided by CCData.
The trading volume for bitcoin futures rose 42% to $73 billion in January. “This comes as institutional traders wound down their positions after the approval of the spot bitcoin exchange traded funds (ETF) in the United States,” said a report by CCData.
Spot trading volume across centralized crypto exchanges rose for the fourth consecutive month in January, climbing to a level last seen in June 2022 as the approval of bitcoin ETFs sparked renewed interest in digital assets.
Volume increased 4.45% versus December to $1.40 trillion, according to CCData.
Spot digital-asset trading volumes hit a 19-month high of almost $1.4 trillion in January, according to CCData, though that’s still lower than the monthly average level during the pandemic-era crypto bull run of 2021.
A subsidiary of the spot bitcoin ETF provider VanEcka strategic investment in data firm CCData.
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