Bitcoin Futures See Record $180 Billion in Trading Volume

[Rakin343]

The total daily trading volume on various Bitcoin (BTC) futures markets has reached a new all-time high of $180 billion, crypto analytics platform Glassnode pointed out today. This comes as the price of Bitcoin has dropped below the $50,000 mark in the last few days, currently at $49,840.

Futures are a type of financial derivatives where parties agree to sell/buy an asset at a specific price on a set date. Unlike options contracts, where buyers might choose to not purchase the asset, futures are contractually binding and must be settled on the expiration date. More info