July CME cryptocurrency options trading volume increased by 24%, the first growth in four months.
2023-08-04 06:30
According to CCData, the trading volume of CME's cryptocurrency options increased by 24% in July, reaching $940 million, marking the first growth in four months. Bitcoin options trading volume grew by 16.6% to $734 million. Ethereum options trading volume increased by 60%, reaching $207 million.
Furthermore, according to CCData, CME's futures trading volume decreased by 17.6% to $39.1 billion, while the total trading volume for derivatives (futures and options) decreased by 17.0% to $40.1 billion.
CCData's report indicates that the increase in CME's Bitcoin options trading volume suggests that institutions may use options to hedge their positions due to ongoing market uncertainties.
Furthermore, according to CCData, CME's futures trading volume decreased by 17.6% to $39.1 billion, while the total trading volume for derivatives (futures and options) decreased by 17.0% to $40.1 billion.
CCData's report indicates that the increase in CME's Bitcoin options trading volume suggests that institutions may use options to hedge their positions due to ongoing market uncertainties.
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