TradeBlock Research Director: CME Bitcoin Futures Trading Volume Hits Recent Lows

John Todaro, head of research at TradeBlock, said on Twitter that by far the largest trading venue for bitcoin derivatives, CME's futures trading volume is much lower than that of spot exchanges: "Although in March Bitcoin (XBT / USD ) Spot trading volume has reached a recent high, but CME futures trading volume has hit a recent low. "Todaro pointed out that since the bitcoin price reached nearly $ 14,000 in July last year, the spot trading volume of crypto exchanges has been at the highest level. However, CME's futures contract trading volume is close to its lowest level in the same period. So he questioned that institutional traders might not be involved in Bitcoin's recent extreme trend.