Bitcoin futures market exceeds $2 trillion in monthly volume for January

Monthly trading volumes for Bitcoin futures more than doubled from December to January, according to data compiled by The Block Research. 

December’s future trading volume was $993.8 billion, whereas January’s was $2.09 trillion — an all-time high. Binance led the way in January’s volume at 30% of the volume, followed by Huobi at 23.8% and OKEx at 16.9%. 

Monthly Bitcoin options volume also reached its highest point in January, coming in at $27.93 billion. Deribit facilitated the trade of $25.8 billion — or 92.4% — of the monthly volume, while OKEx held 5.1% and CME had 1.9%. 

For more insights from January 2021, check out The Block Research.

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