CME Bitcoin Futures Trading Volumes Keep Surging in May. What Drives Institutional Demand?

Thu, 05/23/2019 - 11:40
Alex Dovbnya
May is well-positioned to become the most successful month for CME Bitcoin futures
Cover image via U.Today

Bitcoin futures issued by the Chicago-based CME have already attained a new high this May with the total trading volume reaching $6.6 bln, the latest Diar report shows. That vividly shows that institutional investors are getting keen on crypto.

Institutional Interest in Bitcoin Continues to Grow: Report

Record-breaking numbers  

Undoubtedly, there is a clear connection between the market sentiment and CME trading volumes. This correlation became apparent at the beginning of April when the number of traded future contracts started increasing in sync with the BTC price.  

As reported, CME’s next-door rival CBOE had to put the brakes on its Bitcoin futures due to its dwindling trading volumes.   

Deribit, the Dutch BTC futures and options trading platform, also witnessed stellar growth back in April and March.

The new gold

The gradually growing institutional interest is a surefire sign that the cryptocurrency market is maturing. Bitcoin is now branded as the ‘digital gold’ (case in point: the recent ‘Drop Gold’ campaign that was initiated by Grayscale. Notably, Bitcoin futures recorded their highest comparison to gold futures in May.

As Diar points out, the Bitcoin market is becoming more ‘synthetic’ as spot exchanges see declining volumes.

About the author

Alex Dovbnya (aka AlexMorris) is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Alex authored more than 1,000 stories for U.Today, CryptoComes and other fintech media outlets. He’s particularly interested in regulatory trends around the globe that are shaping the future of digital assets, can be contacted at

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