According to Glassnode, since Friday last week, the daily trading volume of Ethereum futures on CME has almost doubled and reached $75.8 million.
CME Ethereum futures daily volume shows an almost double increase
On Friday last week, the daily trading volume of Ethereum futures on CME totaled $40 million. By today, it has surged almost twice to $75.8 million, showing a great demand from financial institutions.
Institutional demand: One week after #Ethereum futures launched on CME, daily trading volume reached a total of $75.8M yesterday – almost doubling Friday’s volume of $40M.
Meanwhile, open interest has increased to $62 million.
Chart ? https://t.co/Z8KDbU2Gez pic.twitter.com/3pawCRnxjR
— glassnode (@glassnode) February 17, 2021
Glassnode data has also demonstrated that the amount of active addresses on the Ethereum blockchain has surged.
The 3-month average of Ethereum AA has soared above its previous all-time high and it keeps increasing.
After almost topping the $1,900 level on Saturday, this week, the second-largest cryptocurrency has been trading in a range slightly above the $1,800 line.
At the time of writing, Ether is exchanging hands at $1,811, according to the data from CoinMarketCap.
Read more:
- You Can Earn Up To 7.5% APR In Rewards For Ethereum 2.0 Staking On Coinbase
- Is Ethereum Price Likely To Approach $ 2,000 In The Short Term?