CME bitcoin futures volumes surpassed other bitcoin spot exchanges, says Bitwise

CME Group, a Chicago-based derivatives exchange and a major player in bitcoin futures trading, has outpaced other bitcoin spot exchanges with a staggering $320.2M in bitcoin futures volumes in the last 24 hours, per Bitwise’s data.

According to Bitwise, CME’s bitcoin futures volume is almost $90 million more than the daily trading volume of Binance, the largest spot bitcoin exchange. Previously, CME Group had reportedly experienced a decrease of 29% in bitcoin futures volumes from February to March, hitting a cadence of $70.5 million in daily volumes. However, it bounced back at the beginning of April, with an all-time high volume of over 22,500 bitcoin futures contracts, equivalent to approximately $550 million.