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CME Exchange Reports Record Ethereum Futures Volume Amid Price Rally
CME Exchange Reports Record Ethereum Futures Volume Amid Price Rally
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CME exchange News -
Ethereum's futures monthly trading volume at CME surged to $118 billion in July, marking an 82% increase from June. Open interest jumped 75%, rising from $2.97 billion to $5.21 billion, pushing ETH's price above $4,300 for the first time since December 2021.
Global exchanges followed suit, with ethereum futures trading volume hitting $2.12 trillion in July—a 38% monthly increase that surpassed the May 2021 record by 13%. Open interest approached an all-time high of $36.3 billion by August 9.
Despite the rally, funding rates remain below extreme levels seen in late 2024, indicating Leveraged positions haven't yet reached unsustainable territory. Google search data confirms growing retail interest in Ethereum, reinforcing the bullish momentum.
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