Bitcoin futures and options see notable growth in 2020

Bitcoin futures Average Daily Volume (ADV) up 106% MoM

With increased geopolitical concerns, market participants continue to turn to CME Bitcoin products to manage bitcoin risk on a regulated platform. 

January 2020 was Bitcoin futures' second-best month since their 2017 launch, averaging 10.8K contracts, 69% greater than the average daily volume (ADV) in 2019. 
 

Options on Bitcoin futures

New options on Bitcoin futures are also picking up pace, with strong liquidity provider support and two-sided quotes as tight as 2 ticks wide. Since launch, 466 options contracts (2.3K equivalent bitcoin) have traded -- nearly 40% as blocks, showing signs of institutional interest.

Bitcoin futures January 2020 highlights*

• ADV of 10,761 contracts (53,805 equivalent bitcoin or ~$461M notional value)
• Average daily OI of 4,404 contracts (22,019 equivalent bitcoin), +33% vs 2019
• Record monthly average of 56 large open interest holders (entities that hold 25+ contracts) 
• 3,800+ unique, active accounts that have traded since launch