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Crypto-related trading volume at derivatives giant Chicago Mercantile Exchanges (CME) suffered a sharp decline in the last month of 2022.
Total crypto derivatives volume plunged 49.2% to $14.2 billion, according to CryptoCompare, the weakest since October 2020. Bitcoin futures volume fell 48.3% to 13.2 billion, with ether futures volume down 55.3% to $481 million.
Historic Monthly Bitcoin Futures Volume on the Chicago Mercantile Exchange (CryptoCompare)
The fall was in line with spot trading volumes across the industry, according to the report. That amount fell 48.4% to $544 billion, the lowest figure since December 2019.
[The fall] coincides with the loss of user confidence in centralized exchanges following the collapse of FTX in November, leading investors to adopt a cautious stance amid concerns about further contagion,” the authors of the report wrote. report.
A surprising lack of volatility was also in question, with bitcoin (BTC) essentially flat for most of the month in the $16,000 area.
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