Derivative markets hit an ATH in market share in January, as spot volumes fall 30.2% 

2022-2-5 00:30

In January, crypto exchanges saw spot volumes reach their lowest level since December 2020, CryptoCompare’s recent market data analysis report revealed.

While spot volumes fell 30.2% month-on-month, derivatives market volumes remained steady and reached an all-time high (ATH) market share of 61.2%–suggesting crypto investors turned to hedging and speculation.

Spot trading volumes took a severe hit last month

In January, spot volumes on centralized exchanges fell to $1.81 trillion, down 30.2% month-on-month–reaching their lowest level since December 2020 ($1.17 trillion).

This retraction consisted of a 21.2% drop in top-tier exchange volumes and a 66.3% drop in lower-tier exchange volumes.

According to the report, top-tier exchanges now make up for 90.3% of all spot volumes. 

Monthly spot volumes: Top-tier and low-tier exchanges (CryptoCompare)

In January, Binance (trading $504 billion), OKEx (trading $131 billion), and Coinbase (trading $120 billion) were the top players in terms of spot volume.

Monthly spot volumes: Top-tier exchanges (CryptoCompare)

Spot volumes also recorded the lowest intra-month high since December 2020. 

Zooming in, the report revealed that daily total spot volume hit an intra-month high of $91.1 billion on January 24th–down 47.5% compared to the previous month.

Derivative markets remain steady–reach an ATH market share 

Meanwhile, derivatives market volumes remained steady and only recorded a marginal decrease–down 0.4% month-on-month to $2.86 trillion.

Consequently, derivative markets reached an ATH market share of 61.2%, breaking the previous record of 57.3% in November 2020.

The report concluded:

“This suggests an increase in hedging and speculation in cryptocurrency markets in the month of January, as participants shift to trading futures and options,” 

However, CryptoCompare noted that January derivatives market volumes remain significantly below the ATHs recorded in May 2021($4.96 trillion). 

As for crypto exchanges–Binance dominated the derivative markets in January, with 51.6% of total volumes, followed by OKEx (19.6%) and FTX (12.1%). 

Monthly derivatives volume per crypto exchange (CryptoCompare)

Zooming in, the report revealed 1.882 BTC option contracts were traded in the CME in January, up 28.6% month-on-month, reaching the highest amount of BTC options traded since December 2020 (3.749).

CME BTC option contracts: Monthly volumes (CryptoCompare)

Meanwhile, BTC futures contract volumes were up 23.9%, while ETH futures contract volumes increased 59.4%.

CME BTC futures contracts: Monthly volumes (CryptoCompare) CME ETH futures contracts: Monthly volumes (CryptoCompare)

 

 

The post Derivative markets hit an ATH in market share in January, as spot volumes fall 30.2%  appeared first on CryptoSlate.

Similar to Notcoin - TapSwap on Solana Airdrops In 2024

origin »

Market.space (MASP) на Currencies.ru

$ 0 (+0.00%)
Объем 24H $0
Изменеия 24h: 0.00 %, 7d: 0.00 %
Cегодня L: $0 - H: $0
Капитализация $0 Rank 99999
Доступно / Всего 0 MASP

market spot volumes january derivative fall markets

Источник: cryptoslate.com

market spot → Результатов: 126


Bcause Spot Market Launch Nears For Promising Crypto Exchange, Trading And Mining Project

Bcause's  Spot Market Set Become The “One Stop Shop” For Cryptocurrency Mining And Trading Bcause LCC, a Chicago based crypto mining and exchange startup has stated that it will be launching its spot market in a couple of weeks, in spite of its operation under bankruptcy protection. Thomas Flake, the Co founder of Bcause, has […]

2019-5-8 23:46


Bitcoin Price Vulnerable Despite 2019 High, Traders Predict Plummet to $4,200

By CCN. com: In the past 24 hours, the bitcoin price spiked by nearly five percent from $5,580 to $5,880, surpassing $5,900 at the day’s peak, fueling the cryptocurrency market. The abrupt increase in the bitcoin price was supported by a noticeable increase in daily bitcoin spot volume estimated to be around $570 million as of May 7 by OnChainFX.

2019-5-7 13:45


DRIVE Markets ICO

Short description: DRIVE Markets, is an institutional crypto and fiat currency exchange, offering high frequency futures and spot trading for Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum. Main Content: Overview DRIVE Markets, is an institutional crypto and fiat currency exchange, offering high frequency futures and spot trading for Bitcoin, Litecoin, Bitcoin Cash, Ripple and Ethereum.

2019-3-31 12:40


Фото:

Bitcoin Places 15th In Chinese Crypto Rankings, EOS Takes Top Spot

In an interesting take, China’s Center for Information and Industry Development (CCID) has released its latest cryptocurrency rankings on March 22, 2019, to mixed reviews. Making the List When most people think of ranking cryptos, they would think of judging them by their market capitalization, market value or simply popularity, though this isn’t the casewithRead MoreRead More.

2019-3-25 20:00


Фото:

OKEx Trades Over $2.4Bn in Crypto Derivatives in 24 Hours, Tops BitMEX

OKEx just hit a record in crypto derivatives trading, knocking BitMEX off the top spot.   Turning Things Around OKEx ended last year amid a deluge of criticism from angry traders. Not only was the Asian-turned-Malta-based exchange called out for market manipulation when it forced the early settlement of BCH futures, without warning, right before the fork, but it was also slammed for falsifying trading volume.

2019-3-14 22:00


Analysts Expect Ethereum (ETH) to See Increased Bullish Momentum as Crypto Markets Trade Mixed

The crypto markets have experienced decent levels of bullish momentum over the past couple of weeks that has allowed virtually all major cryptocurrencies to recover some of their recent losses. Ethereum (ETH) is one notable gainer that has jumped nearly 45% from its monthly lows and has firmly reclaimed the number two spot by market.

2019-2-21 03:00


дальше еще 77 новостей →

Партнеры Currencies.ru

Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Labs spun-off into independent entity outside the Binance group umbrella

Binance spun off its $10 billion venture capital arm, Binance Labs, into an independent entity that will no longer be under the group’s purview weeks ago. Bloomberg drew attention to the silent change in a March 15 report, which revealed that Binance Labs had added a disclaimer about the change on its website earlier in […] The post Binance Labs spun-off into independent entity outside the Binance group umbrella appeared first on CryptoSlate.