CME CF Bitcoin Reference Rate January 2020
  • Aggregate volume captured by the BRR in Jan '20 15% lower than Dec '19
  • Highest volume day in (Jan 14) saw 42% less volume  than the highest volume day in previous month (Dec 9), pointing to smoother trading volumes in Jan
  • Bitstamp increased share of volume by 4 percentage, whilst Coinbase share fell 3.5 percentage points month to month
  • Average trade size in Jan'20 fell to 0.2598 BTC from 0.2879 BTC in Dec'19