Ethereum Futures Volumes Top Three-Month High

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In Brief
  • -Ethereum futures volumes exceed a three-month high.

  • -Open interest for options surges past $250 million.

  • -Institutional investments are on the rise in 2020.

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Ethereum futures and options volume has been picking up in the month of July, particularly over the past week. The spike suggests that the market is gaining confidence, just as Bitcoin crossed the $10,000 mark for the first time since June.

Market data platform Skew has shown that ETH volume has exceeded a three-month high on July 25. Aggregate daily volumes of ETH futures touched nearly $6 billion.

ETH Futures – Aggregated Daily Volume chart by Skew

Huobi and OKEx have been the largest source of this volume that has exploded on exchanges all across the board.

ETH options open interest figures are also experiencing an uptick, moving past $250 million in the past week and growing by 500% in the past three months. The majority of this open interest is on the Deribit exchange.

Ethereum options trading has hit an all-time high this year, with Deribit and OKEx accounting for most volume. BeinCrypto reported on the record volumes in June.

Bitcoin Futures Volumes Also Increasing

Skew also shows that Bitcoin futures and options are increasingly noticeable, with futures aggregate daily volumes reaching nearly $15 billion. Open interest is roughly $4.5 billion, led by Binance, which has seen daily volumes in the range of $400 million over the past week.

Options volume, meanwhile, has been continuing a marked growth pattern, which began in recent months. Total BTC options open interest has topped $1.5 billion, with Deribit again being the biggest source of open interest and volume.

Deribit reported $1 billion in open interest for the first time in June, which occurred at a time when open interest was growing across all relevant exchanges.

Institutional Investments on the Rise

Similar to equity futures products, cryptocurrency futures allow traders to bet on the future value of Ethereum. It is a popular investment vehicle for institutional investors, who have been pouring record sums into the cryptocurrency market.

Grayscale investments reported that it has reached its highest level of quarterly inflows in Q2 2020 with $908.5 million. Q2 2020 doubled Q1 2020’s inflow, which itself was a record for the asset management firm. The vast majority of these investors have been hedge funds.


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Rahul Nambiampurath is an India-based Digital Marketer who got attracted to Bitcoin and the blockchain in 2014. Ever since, he's been an active member of the community. He has a Masters degree in Finance. <a href="">Email me!</a>

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