The price of Bitcoin has risen significantly in January. The Chicago Mercantile Exchange (CME) also hit record highs for Bitcoin (BTC) futures trading in the same month.
“In January, the average daily volume of BTC (ADV) reached a monthly record of 17,559 contracts (equivalent to 87,700 Bitcoins),” a CME spokesman told Cointelegraph. The cost of each CME Bitcoin futures contract is 5 BTC, paid in dollars.
“In December 2020, the average daily volume of BTC (ADV) reached 11,179 contracts (equivalent to 55.9 thousand Bitcoins),” the representative added. “This means + 57% increase.”
Bitcoin rose from $ 30,000 to almost $ 42,000 in January, according to TradingView. A month earlier, the asset broke its multi-year record of about $ 20,000, and by the end of 2020 it had grown to almost $ 30,000.
“We still see strong interest in bitcoin futures contracts: 528 accounts were added in January, which helped bring the average daily BTC volume (ADV) to a monthly record of 17,559 contracts (87,700 bitcoin equivalents). which is 63% more from year to year. “, – said the representative of CME.
CME’s product for trading BTC futures has attracted a remarkable number of users since its launch in December 2017. “Since its launch, 7,400+ unique active accounts have been sold,” reads a recent CME report showing figures up to 17 February. . “Of these, 733 were added in 2021, which is 2.3 times more than in 2020,” the report states.
Bitcoin recently fell more than $ 13,000 from its last all-time high, although the asset has recovered slightly since then, trading at around $ 49,200 at the time of publication.