Trading volume for bitcoin and ether futures surpassed $32 trillion in 2021

Cryptocurrency • December 27, 2021, 1:14PM EST
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The combined trading volume of bitcoin (BTC) and ether (ETH) futures surged over $32 trillion in 2021, according to The Block Research.

That figure, based on data as of December 27, is a massive 338% increase compared to 2020 trading volumes. Last year, bitcoin and ether futures saw a combined trading volume of over $7 trillion.

The month of May had the highest trading volume in 2021 for both bitcoin and ether futures, with a combined value of over $4 trillion. Binance is the market leader for both bitcoin and ether futures trading markets.

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The year 2021 was also a record year for crypto spot trading volumes. Centralized crypto exchanges reported over $14 trillion worth of trading volume during the year, and decentralized exchanges saw over $1 trillion worth of trading volume.

About Author

Yogita Khatri is a senior reporter at The Block, covering all things crypto. As one of the earliest team members, Yogita has played a pivotal role in breaking numerous stories, exclusives and scoops. With nearly 3,000 articles under her belt, Yogita holds the records as The Block's most-published and most-read author of all time. Prior to joining The Block, Yogita worked at crypto publication CoinDesk and The Economic Times, where she wrote on personal finance. To contact her, email: [email protected]. For her latest work, follow her on X @Yogita_Khatri5.

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