Coinbase Micro Bitcoin Futures Single-Day Volume Breaks 200,000, Hits All-Time High

While Coinbase spot trading volume plummeted from $200 billion in May to $59 billion in July, retail traders began to flock to the micro bitcoin BTC -1.19% futures product, which has hit an all-time high for 3 consecutive days with notional volume It reached 122,733 on July 18 and 217,045 on July 19.

It’s important to note that Coinbase micro futures volume fell after a rise and fell to 117,493 contracts on July 22, while average daily volume was below 50,000 contracts for most of June and July.