According to data from The Block, CME Bitcoin futures recorded their highest monthly trading volume this year in July.
As of press time, CME Bitcoin futures trading volume reached $53.33 billion in July, surpassing the year-to-date high of $53.06 billion reached in April this year.
As of July 29, open interest in the CME Bitcoin futures market was $2.5 billion.
In addition, the average daily spot trading volume (7-day moving average) is now at $11.1 billion, close to the lowest level this year and about a quarter of the yearly high of more than $40 billion in March.