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

Bitcoin • February 3, 2021, 1:18PM EST
The Block

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%. 

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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.

About Author

MK Manoylov has been a reporter for The Block since 2020 — joining just before bitcoin surpassed $20,000 for the first time. Since then, MK has written nearly 1,000 articles for the publication, covering any and all crypto news but with a penchant toward NFT, metaverse, web3 gaming, funding, crime, hack and crypto ecosystem stories. MK holds a graduate degree from New York University's Science, Health and Environmental Reporting Program (SHERP) and has also covered health topics for WebMD and Insider. You can follow MK on X @MManoylov and on LinkedIn.