CryptoCompare December Review - Surging Institutional Demand For BTC Date
17/12/2020
Bitcoin continues to attract investors attention as crypto volumes skyrocket to record highs. CryptoCompare s latest Exchange Review reported an incredible surge in trading activity: derivatives volume doubled to an all-time high of $1.32tn and spot volume increased by 60% to a monthly total of $906bn.
CME s derivatives volumes shot up by 76.8% to $17.1bn and its open interest climbed to $962mn (up 62%), signalling an increasing interest in BTC from institutional traders.
Driven by the ever-growing appetite for Bitcoin, we recently launched the Bitcoin Volatility Index developed in partnership with leading industry expert Prof. Carol Alexander and her team at the University of Sussex Business School. This is the world s first index that measures the implied volatility of bitcoin and paves the way for bitcoin futures and a range of volatility-linked exchange traded p