A new report from curated data platform Diar reveals that institutional Bitcoin trading volumes record growth for the 4th month in a row.
Institutions Warming Up
Popular cryptocurrency data outlet Diar reports that institutional Bitcoin trading volumes have moved into growth for the 4th consecutive month. According to the report, they are hitting new highs against US-based exchanges as a percentage of the total trading volume.
As seen on the chart, the current volume is around 9 percent more compared to December 2018.
Notably, CBOE is the biggest loser, which doesn’t come much as a surprise. The Chicago Board Options Exchange revealed in March that it will no longer offer any new contracts for its cash-settled XBT Bitcoin futures product moving forward.
CME Group, on the other hand, is marking gains. As Bitcoinist reported last week, CME Bitcoin futures volume soared 950 percent on April 4th compared to the beginning of the month. As of Monday, April 8th, CME saw around 16,000 Bitcoin futures contract.