Bitcoin and Ethereum Futures and Options Grew in 2021

Trading volumes for Bitcoin and Ethereum futures and options are up an average of 390% in 2021. 

Bitcoin and Ethereum Futures and Options Grew in 2021

According to The Block, the trading volume for Bitcoin and Ethereum futures in 2021 surpassed $32 trillion, a 338% increase compared to the previous year. Users of the financial instrument showed the greatest activity in May. The most popular platform for transactions with futures is Binance. It accounts for about 26% of all transactions. The largest futures trading platforms include Okex, Bybit, FTX, Bitget and Huobi.

The Block also provided statistics on Bitcoin and Ethereum options trading. The trading volume for the respective transactions was approximately $387 billion, up 443% from a year earlier. User activity peaked in April and May. About 90% of all transactions were made on the Deribit exchange. Analysts named CME, Okex, FTX, Huobi and Bit.com among other popular exchanges. 

Earlier analysts from The Block have already summarized several results for 2021: 

  1. The stablecoin market grew to $140 billion during the year, showing 388% growth over 2020.
  2. Crypto projects attracted at least $25 billion in investment, up 719% over a previous year. 
  3. Records were broken in terms of trading volume on CEX and the volume of funds raised by cryptocurrencies from institutional investors. 

Crypto.com also summed up the results of 2021, presenting a number of interesting predictions for 2022. 

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