Derivatives exchange volumes in the cryptocurrency space reached an all-time high of $ 1.43 trillion in December after increasing 8.6% month-on-month. It should be noted that in December, the price of BTC rise to $ 29,000.

 

Derivative exchange volumes

According to CryptoCompare’s December 2020 Stock Market Review, derivatives trading volumes rose to an all-time high of $ 1.43 trillion, while total spot exchange volumes rose 30% to $ 1.19 trillion.

According to the report, Binance was the leading derivatives exchange last month, with a monthly trading volume of $ 451 billion, up 12.5% ​​since November.

This was followed by OKEx with $ 282.2 billion in transactions and Huobi with $ 269.3 billion in transactions. OKEx’s volume increased by 21.8% compared to last month, while Huobi’s volume fell 7.6%.

The derivatives trading platform also broke a new daily record last month, with daily trading volume reaching $ 91.92 billion on December 17th.

The top four crypto derivative trading platforms – Binance, OKEx, Huobi and Bybit – represented 76.8% of the traded volume on December 17th.

OKEx leads the field when it comes to Ethereum futures contracts. However, it is worth noting that CME will launch an Ethereum futures contract on February 8 this year.

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