Cryptocurrency prices rose in February as Bitcoin and Ethereum closed the month at $43,189 and $2,919 (up 12.2% and 8.58% since January respectively). However, spot volumes on centralised exchanges fell 12.9% to $1.57tn, with a daily maximum of $106bn traded on February 24th.
- Derivatives markets continued their downward trend in volume in February as total derivatives volumes fell 15.9% to $2.86tn. This marks the seventh consecutive month that these volumes have declined.
- CME’s BTC futures contracts recorded a daily maximum of 26,602 on February 24th - the highest daily volume of CME’s BTC futures contracts traded in nine month.
- Total spot volumes continued to decline in February as they fell 12.9% to $1.57tn.