Tradeblock's research revealed that the combined trading volume of the Chicago Merchantile Exchange (CME) futures exchange with the Chicago Board Options Exchange (CBOE) has fallen relative to the spot market volume in the second quarter. semester of 2018.

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BTC's volume trades on Futures in the Futures Market Combined Between Key Cash Exchanges in the Third Quarter of 2018

Despite the hype surrounding the launch of the CME and CBOE BTC Futures at the end of 2017, these markets represent a small fraction of the combined business activity taking place on Coinbase, Itbit, Kraken, Bitstamp and Gemini.

However, with the bursting of the 2018 bubble, spot volume has dropped more than 70% if we compare the January business activity to the monthly average recorded during the second half of 2018.

BTC futures volume skyrockets versus cash trading by 2019

Mixed with an activity that has more than doubled in futures trading, commercial volume The CBOE and CME BTC Futures contracts competed with those of Coinbase, Itbit, Kraken, Betstamp and Gemini in the third quarter of 2018 – the volume of CMEs being lower than each individual exchange.

Futures contracts decrease in the last quarter of 2018

While BTC's spot and forward market volumes declined in September and October, combined spot markets recorded their highest monthly volume since May, while futures markets recorded their second-lowest month of growth. l & # 39; year.

BTC futures volume skyrockets versus cash trading by 2019

While the spot market posted a good retracement in December, commercial activity in the futures markets dropped by more than half to post its best-performing month since its launch, suggesting a move away from derivatives from the cryptocurrency proposed by CME and CBOE for the benefit of traditional cryptocurrency markets.

On February 1, CME issued a report indicating that the average daily trading volume of its BTC contracts was $ 80 million over the previous 283 days, which combined with $ 10.65 million Daily trading of CBOE, shows that the futures markets are falling. 4.5% less than the 24-hour commercial volume between BTC and USDT on Binance.

Do you think we will continue to witness a decline in business activity in the futures markets this year? Share your thoughts in the comments section below!


Images courtesy of Shutterstock, Tradeblock


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Samuel Haig

Samuel Haig is a journalist completely obsessed with bitcoin and cryptocurrency since 2012. Samuel lives in Tasmania, Australia, where he studied at the University of Tasmania where he specialized in political science and journalism, media and communications. Samuel has written on the dialectic of decentralization and is also a musician and kangaroo horse enthusiast.