Bitcoin Futures Trading Volume Exceeds $40B
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July 29, 2020
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Daily trading volumes for Bitcoin futures have risen dramatically, driven by the rally in the BTC price, exceeding $40B on July 27, according to data provided by analysis firm Skew.

The current figure is the closest so far to the $50B record reached on March 12 during the so-called Black Thursday. Trading volumes have generally not exceeded $10B during July.

On July 28, trading volumes dropped to $30B. Of these, over $16B came from Huobi, OKEx and Binance, while BitMEX, bitFlyer and Bybit contributed with more than $7B.

Crypto platform Bakkt has also reported two consecutive days of records. Thus, on July 28 the exchange reported trading volumes of 11,506 BTCs, exceeding the previous high by 85%. Another record was also reached in the following trading session.

Open interest in Bitcoin futures exceeded $5B, also surpassing the record set during the Black Thursday. The leaders according to this indicator were OKEx ($1.22B), BitMEX ($990M) and Huobi ($740M).

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