CME Group set a new record for crypto futures and options trading volume, reaching 794,903 contracts on November 21. This surpasses the previous high set in August, reflecting increased demand for regulated crypto derivatives amid market volatility. The surge is attributed to both institutional and retail investors seeking tools to manage market risks, according to Giovanni Vicioso, CME's global head of crypto products. Year-to-date, CME's average daily volume for crypto contracts is 270,900, with a nominal value of $12 billion, marking a 132% increase from last year. Open interest has also risen by 82% to 299,700 contracts, valued at $26.6 billion. In the fourth quarter alone, average daily volume jumped 106% year-over-year to 403,200 contracts, with open interest up 117% to 493,700 contracts. This growth underscores a rising interest in regulated exposure to crypto markets.