Crypto Futures Volume Is Now At 50% of Spot Trading Volume

Crypto Futures Volume Is Now At 50% of Spot Trading Volume

futures trading volume now reportedly amounts to nearly 50% of the value of spot trading on crypto markets, according to Bloomberg.
13 exchanges analyzed
Citing volume data from 13 major global exchanges, Bloomberg reported on a massive growth of futures markets Oct. 31.
The analyzed exchanges include institutional digital asset platform Bakkt, the Chicago Mercantile Exchange Group (CME), Binance, Bitfinex, the Huobi Derivative Market (DM), Kraken, FTX, Bitz, Deribit, CoinFlex, Bybit, OKEx and BitMEX.
First ever futures launched in late 2017
Spot trading is simply buying or selling a commodity or, in this case, a asset at the moment of the trade. Prior to the launch of the first Bitcoin (BTC) futures platform back in 2017, spot trading was the principal option available for crypto trades. The Chicago Board Options Exchange (CBOE) launched the first trading of BTC-based futures contracts on Dec. 11, 2017, just a week before the launch of a similar product by the Chicago Mercantile Exchange (CME).
The Bloomberg report follows a new futures volumes record on major digital asset platform Bakkt, which launched its service on Sept. 22. On Oct. 26, Bakkt traded 1,183 Bitcoin futures contracts worth of $11 million after hitting a previous all time record of 441 Bitcoin futures on Oct. 23.
On Oct. 29, OKEx, the world’s 5th-largest exchange by trading volume, announced plans to start trading Tether (USDT) futures.

See also  Secrets They Missed at DevCon: What It’s Really Like in a Working DAO

Leave a Reply

Your email address will not be published. Required fields are marked *

Want to automate your crypto Trading?
Try this new trading Robot!

Your information will be validated and you will be automatically redirected to the trading robot advanced dashboard.