The combined trading volume of bitcoin (BTC) and ether (ETH) futures surged over $32 trillion in 2021, according to The Block Research.
That figure, based on data as of December 27, is a massive 338% increase compared to 2020 trading volumes. Last year, bitcoin and ether futures saw a combined trading volume of over $7 trillion.
The month of May had the highest trading volume in 2021 for both bitcoin and ether futures, with a combined value of over $4 trillion. Binance is the market leader for both bitcoin and ether futures trading markets.
The year 2021 was also a record year for crypto spot trading volumes. Centralized crypto exchanges reported over $14 trillion worth of trading volume during the year, and decentralized exchanges saw over $1 trillion worth of trading volume.