Crypto turbulence drives demand for CME’s regulated products, setting new volume records

CME Group announced that its cryptocurrency futures and options suite achieved an all-time daily volume record of 794,903 contracts on Friday, November 21, surpassing the previous record set in August. This surge in activity is occurring despite broader market turbulence, evidenced by significant net outflows from U.S. spot Bitcoin ETFs and global crypto ETPs. Giovanni Vicioso of CME Group stated that ongoing market uncertainty is accelerating demand for deeply liquid, regulated crypto risk management tools, with institutions and retail traders driving record activity across their product suite, which includes BTC, ETH, SOL, and XRP products. The firm's average daily volume and open interest have significantly increased year-over-year, and CME plans to move its crypto futures and options to continuous 24/7 trading early next year.

(Source：The Block)