January was the record month for Bitcoin futures trading, according to a report from Block Research.
Compared to December 2020, the market size has doubled. If in December the trading volume amounted to about $ 993.8 billion, then in January this figure reached a record high of $ 2.09 trillion, analysts stressed.
At the end of January 2021, the Binance crypto exchange became the leader in this area. It accounts for up to 30% of the total volume of transactions with bitcoin futures.
Huobi and OKEx took the second and third places, accounting for 23.8% and 16.9%, respectively, of the total trading volume.
The Bitcoin options market also saw significant gains in the past month. The volume of transactions amounted to $ 27.93 billion. The Deribit platform is the absolute leader in this market segment. It provides up to 92.4% of the bitcoin options market in monthly terms ($ 25.8 billion).
The second and third places were shared by OKEx and the Chicago Stock Exchange (CME), controlling 5.1% and 1.9% of this market, respectively.
Bitcoin price has increased significantly in January. On some trading floors, at the beginning of last month, the BTC rate jumped to $ 42,000.
Then the coin retreated, but remained above $ 30,000. At the time of publication of this material, the largest digital currency was trading at $ 37,000. Bitcoin capitalization increased by 4% per day and came close to $ 700 billion.
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