The bitcoin futures market is growing, and the US-based BitMEX apparently became the leader in this area. Within the last year, it increased its trading volume to more than $1 trillion.

BitMEX CEO Arthur Hayes said that the platform increased its trading volume to more than $1 trillion over the past 365 days. Within the last 24 hours, the volume of trading of bitcoin-pegged contracts amounted to $7 billion.

The data show that BitMEX controls 57% of the market, being the leader in this space and overtaking such cryptocurrency exchanges as Deribit (~16%), Huobi DM (~14%) and OKEx (~10%), as well as the Chicago-based CME Group (~2.5% ).

The Chicago Mercantile Exchange (CME) saw a record volume of $1.6 billion and record open interest for bitcoin contracts of $373 million last week. On 27 June, 29,225 bitcoin futures worth were exchanged on CME. This could be one of the reasons why bitcoin reached an 18-month high of almost $14,000.

In the coming months, the alignment of forces on the bitcoin futures market may change as new major players will enter it. Thus, bitcoin futures trading can begin at Binance. The exchange conducted a survey among institutional investors at the end of June 2019, and they spoke in favor of launching bitcoin futures.