Core Insights - CME Group's Cryptocurrency futures and options suite achieved an all-time daily volume record of 794,903 contracts on November 21, surpassing the previous record of 728,475 contracts set on August 22, 2025 [1][2]. Trading Highlights - The demand for regulated crypto risk management tools is increasing amid market uncertainty, with both large institutions and retail traders contributing to record activity [2]. - Year-to-date, the overall cryptocurrency average daily volume (ADV) is 270,900 contracts, equivalent to $12 billion in notional value, reflecting a 132% increase year-over-year [5]. - The average open interest (OI) for the same period is 299,700 contracts, or $26.6 billion in notional value, which is an 82% increase year-over-year [5]. - In Q4, the ADV reached 403,200 contracts ($14.2 billion in notional), marking a 106% increase compared to Q4 2024, with average OI at 493,700 contracts ($35.4 billion in notional), up 117% year-over-year [5]. Product Suite Performance - The Micro Bitcoin futures and options reached a record daily volume of 210,347 contracts [4]. - The Micro futures and options suite also achieved a new daily volume record of 676,088 contracts [4].