CME Group reports $25B in average daily crypto open interest last year

CME Group announced that its suite of cryptocurrency futures and options products, including BTC, ETH, SOL, and XRP, had an average daily open interest of approximately $25 billion last year. According to The Block, the average daily volume (ADV) for CME Group's crypto product suite in the same period was 278,300 contracts, with a notional value of about $12 billion. The group explained that with the recent launch of its ADA, LINK, and XLM futures products, it can now offer coverage for over 75% of the total cryptocurrency market capitalization.