The volume of trading in cryptocurrency derivatives in January showed significant growth: in just the last month, the volume of transactions in Bitcoin futures has doubled and exceeded $ 2 trillion.
According to the research department of The Block, if in December the volume of trading in Bitcoin futures was $ 993.8 billion, then in January it reached $ 2.09 trillion. The leader in this area remains the Binance cryptocurrency exchange, which accounts for 30% of the trading volume. Huobi ranks second (23.8%), while OKEx is in third (16.9%).
Trading volumes for options on the first cryptocurrency also increased significantly, albeit to a lesser extent. In January, deals worth $ 27.93 billion were made on such platforms, against $ 15.36 billion in December. In the options market, Deribit is the leader with 92.4% of the monthly trading volume.
As for the derivatives market, in January the trading volume amounted to $ 906.11 billion, having increased by 2.5 times since December 2020, when the indicator was $ 379.31 billion. Earlier it was reported that the trading volume on decentralized platforms reached a record value of $ 55.8 billion, having doubled.
Telegram channel!
Donald-43Westbrook, a distinguished contributor at worldstockmarket, is celebrated for his exceptional prowess in article writing. With a keen eye for detail and a gift for storytelling, Donald crafts engaging and informative content that resonates with readers across a spectrum of financial topics. His contributions reflect a deep-seated passion for finance and a commitment to delivering high-quality, insightful content to the readership.
