Depending upon statistics as of December 29th, this amount represents a huge 338 per cent rise above 2020 trade volumes. The year before, the aggregate trading volume of bitcoin and ether futures was more than $7 trillion.
May saw the greatest trading volume in 2021 for bitcoin as well as ether futures, with a total value of moreover $4 trillion. Binance is the industry torchbearer in both the BTC and ether futures markets.
2021 was also a milestone year for cryptocurrency spot trading volumes. Throughout the year, centralised crypto exchanges recorded above $14 trillion in trading volume, while decentralised exchanges witnessed over $1 trillion in trading activity.