Ethereum continued to climb as CME’s ETH futures volume quadrupled to reach $6.1bn
Trading volume boomed throughout April as derivatives volume surged 41.2% to $3.88tn. Spot volume also followed suit, increasing 28.3% to $3.84tn. The derivatives market now represents 50.2% of the total crypto market (vs 47.8% in March).
Although CME’s BTC futures volume decreased by 10.3% to $53.3bn in April, CME’s ETH futures reached a staggering $6.1bn (over a 300% increase since March). On aggregate, ETH + BTC futures volume reached $59.4bn - down 2.6%.