According to data from The Block Research, the total trade volume of Bitcoin (BTC) and Ethereum (ETH) futures surpassed $32 trillion in 2021.
This data, which covers transactions up to 27 December 2021, means an increase of 338% compared to 2020. Last year, the combined trading volume of Bitcoin and Ethereum futures was over $7 trillion.
The highest futures volume in 2021 was in May. In just one month, the transaction volume reached 4 trillion dollars. Binance has emerged as a leader in Bitcoin and Ethereum futures.
In 2021, new records were broken in many fields. Centralized exchanges had over $14 trillion in trading volume throughout the year, while decentralized exchanges (DEXs) like Uniswap (UNI) had over $1 trillion in trading volume.