CME Group Reports Record Crypto Volumes for Q4
CME Group, a leading US derivatives exchange, announced record cryptocurrency trading volumes in Q4 2024, achieving an average daily trading volume of approximately $10 billion for crypto derivatives, marking a 300% increase from the previous year. The strong performance extended into January 2025, with cryptocurrency contracts recording the highest volumes ever for that month. Crypto derivatives emerged as one of the fastest-growing product lines in 2024, significantly driven by retail investor interest, especially in Bitcoin futures. CME reported net open interest in Bitcoin futures surpassing $60 billion. As it faces competition from Coinbase and Robinhood, both of which are expanding their offerings in cryptocurrency derivatives, CME maintains its focus solely on Bitcoin and Ether futures. The total revenue for CME Group in 2024 was approximately $6 billion, highlighting the growing prominence of their crypto products within the broader derivatives market.
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