Coinspeaker
Crypto Derivatives Market Share Declines despite Record Trading Volume in March
Data records from digital assets provider CCData suggest that trading volume in crypto futures and options on centralized exchanges surged explosively last month, gaining 86.5% to reach a record high of $6.18 trillion. That figure represents three times the total market capitalization of all cryptocurrencies combined.
Despite the impressive surge, however, the dwindling dominance of derivatives in the crypto market continues to raise concerns. In the same month, crypto derivatives market share slipped to 67.8%, its lowest level in about 14 months.
Why Crypto Derivatives Market Share Is on Decline
There is an apparent contradiction around the market share. However, the reason may be tied to the spot market. From CCData’s monthly report, it could be seen that spot trading activity surged significantly on centralized exchanges. Interestingly, the surge happened simultaneously as Bitc
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