According to data released by crypto analytics firm CryptoCompare, total bitcoin futures volume on cryptocurrency exchanges reached $931.4 billion in April, a significant increase from the previous month. Binance, OKX, and ByBit were the top three exchanges in terms of Bitcoin futures buying and selling volume in April, with $525.82 billion, $148.67 billion, and $148.35 billion, respectively.
The increase in Bitcoin futures quantity is remarkable given that total Bitcoin futures quantity on crypto exchanges peaked at $2.69 trillion in May 2021 and has been slowly dropping since. Even when Bitcoin reached an all-time high of $69,000 in October 2021, exchange-traded Bitcoin futures did not break new ground, peaking at just $1.59 trillion.
