CME Bitcoin futures market volume exceeds $1b for the third time

CME Bitcoin futures market volume exceeds $1b for the third time

  • Ali Raza
  • 20th February, 13:23
  • Bitcoin futures daily trading volume at CME recently exceeded $1 billion.
  • This marks the third time that Bitcoin futures reached these heights, with the last one being in May 2019.
  • The surge in volume comes after the price grew in the early days of 2020.

According to recent data, Bitcoin futures markets are once again seeing surge inactivity. Only yesterday, CME Bitcoin futures market’s daily volume once again managed to reach $1 billion, which marks the third time that it did so since the launch of Bitcoin futures.

The demand has been on a sharp rise as of late, likely encouraged by the optimism regarding the expected performance of BTC and other major cryptos in 2020. Bitcoin halving is only a few months away now, and the interest has been surging in all areas of the crypto industry, including the futures market.

Of course, the overall activity in the futures market is significantly higher, but CME alone saw BTC futures record a daily trading volume of $1.1 billion yesterday.

Is the surge in the volume of futures a bullish signal?

While the crypto market started seeing a surge in interest recently, the explosion of the volume of this type was not seen in nearly a year. In fact, the last time that CME saw daily volume for Bitcoin futures was in May 2019. Typically, the normal level of volumes sits at around $300 million, although often it is significantly lower than that. Now, however, the markets seem to be hotter than they were for a long time.

Of course, the surge in interest in Bitcoin futures comes after the surge in Bitcoin’s price, itself. The price started the year at $7,300, but it was not long before it rallied to the current $9,790. Previously, it even exceeded $10k, although this was followed by a quick correction.

The increased future volumes, of course, do not signal that the BTC price itself will necessarily surge in the near future. However, as a positive indicator, such development is certainly not excluded. In any event, interest in futures is a bullish sign for the long-term, and it will be interesting to see what the rest of the year will bring, considering the current positive stance of investors and traders.

By Ali Raza
A journalist, with experience in web journalism and marketing. Ali holds a master's degree in finance and enjoys writing about cryptocurrencies and fintech. Ali’s work has been published on a number of cryptocurrency publications. Raza is the co-founder of, too, a site dedicated to educating people on 5G technology.

Investing is speculative. When investing your capital is at risk. This site is not intended for use in jurisdictions in which the trading or investments described are prohibited and should only be used by such persons and in such ways as are legally permitted. Your investment may not qualify for investor protection in your country or state of residence, so please conduct your own due diligence. This website is free for you to use but we may receive commission from the companies we feature on this site. Click here for more information.