Express
August Recorded A New All-Time-High Level Of Crypto Derivatives Volume, According To New Report
Summary: Crypto derivatives saw increased volume this month after Bitcoin's rally to $12,000 fueled speculation, according to a recent report from CryptoCompare. Crypto derivative volumes increased 54% to over $710 billion in August marking a new all-time-high far outpacing the previous high in May which clocked in at $602 billion. Spot markets in August stood at ...
Crypto derivatives saw increased volume this month after Bitcoin's rally to $12,000 fueled speculation, according to a recent report from CryptoCompare.
Crypto derivative volumes increased 54% to over $710 billion in August marking a new all-time-high far outpacing the previous high in May which clocked in at $602 billion.
Spot markets in August stood at $820 billion marking a $400 billion increase from July. The increased volumes across both the spot and derivatives also could have been caused by the increased price volatility in August which often correlates to more frequent trading.
By Emily Mason
Tags: Bitcoin,Cryptocompare,Derivatives Volume,Spot Market
Link: August Recorded A New All-Time-High Level Of Crypto Derivatives Volume, According To New Report [Copy]
