With a noteworthy surge in Bitcoin price, January has reportedly been a robust month for Bitcoin futures trading average day-to-day volume for the Chicago Mercantile Exchange (CME). 

Specifically, in January, BTC average daily volume (ADV) has reportedly managed to hit a month-to-month record figure of 17,549 contracts (equalling 87.7K bitcoin), as revealed by a CME spokesperson. 

Every CME Bitcoin futures contract reportedly has the equivalent value of 5 BTC paid out in dollars.

“In December 2020, BTC average daily volume (ADV) reached 11,179 contracts (55.9K equivalent bitcoin). This represents a +57% increase.” The spokesperson further remarked. 

In the first month of 2021, Bitcoin reportedly experienced a significant surge, going from $30,000 to near $42,000, per insights provided by TradingView. In December 2020, the crypto coin has surpassed its record-breaking figure – which has been lasting for a while – of around $20,000, climbing up to close to the $30,000 benchmark by the end of last year. 

“We are continuing to see robust interest in our Bitcoin futures contracts, with a record 528 accounts added in January, helping drive BTC average daily volume (ADV) to a monthly record of 17,549 contracts (87.7K equivalent bitcoin), up 63% YoY,” The spokesperson from the CME additionally revealed. 

CME’s BTC futures trading solution has reportedly managed to attract a noteworthy sum of users, since its inception took place in December 3 years ago. 

“7,400+ unique, active accounts have traded since launch. Of those, 733 were added in 2021, 2.3x more than in 2020,” CME further added.