Total bitcoin BTC -2.89% futures volume on cryptocurrency exchanges hit $931.4 billion in April, a sharp increase from the previous month, according to data released by crypto analytics firm CryptoCompare.
The top three exchanges by Bitcoin futures trading volume in April were Binance, OKX, and ByBit, with trading volumes of $525.82 billion, $148.67 billion, and $148.35 billion, respectively.
The surge in Bitcoin futures volume is notable given that total Bitcoin futures volume on crypto exchanges hit an all-time high of $2.69 trillion in May 2021 and has been steadily declining since.
Even when BTC hit an all-time high of $69,000 in October 2021, exchange-traded Bitcoin futures didn’t hit new highs, peaking at just $1.59 trillion.