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Asian Exchanges Account For 95% Of Crypto Futures Volume New Report Finds
Summary: Asian exchanges account for 95% of crypto futures volume, according to a recent report from Blockchain Valley Ventures, as reported by Coindesk. Huobi, Binance and OKEx are the leading exchanges in the spot and derivatives market, knocking BitMEX from the top position. Between Q1 and Q2 in 2020 the total volume in crypto derivatives increased ...
Asian exchanges account for 95% of crypto futures volume, according to a recent report from Blockchain Valley Ventures, as reported by Coindesk.
Huobi, Binance and OKEx are the leading exchanges in the spot and derivatives market, knocking BitMEX from the top position. Between Q1 and Q2 in 2020 the total volume in crypto derivatives increased by $60 billion and hit $2.16 trillion. Spot volumes decreased by 18% over the same time span dropping to $5.44 trillion.
BVV predicted that there will be acquisitions in the crypto exchange market over the course of the next few months because of how varying derivatives products are across exchanges.
By Emily Mason
Tags: Blockchain Valley Ventures,Crypto Derivatives
Link: Asian Exchanges Account For 95% Of Crypto Futures Volume New Report Finds [Copy]
