The Chicago Mercantile Exchange Group has hit a new milestone in cryptocurrency trading volume at the start of the year. January’s figures showed an average daily volume for crypto contracts of 198,000 equating to a notional value of $13.6 billion. This represents a 180% surge in volume year-over-year with micro bitcoin futures seeing a 255% increase.

Significant interest in smaller denominations has spurred growth. Micro contracts of bitcoin and ether allow traders more precise control over their trading strategies and risk management. These micro contracts represent just 0.1 of each cryptocurrency and have played a key role in the boost of trading activities.

Looking ahead the CME Group plans to launch options on Bitcoin Friday Futures starting February 24 pending regulatory approval. This move is set to further enhance the flexibility and range of strategies available to cryptocurrency traders in managing their portfolios.

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