Bitcoin’s bull run has persisted throughout December, with the cryptoasset now approaching $40,000. This has resulted in an 8.6% increase in monthly derivatives volumes to a new all-time high of $1.43tn while spot volumes increased by 30% to $1.19tn. CME had the highest average open interest across all BTC futures products with an increase of 36.5% since November to $1.31bn.