Crypto-Derivatives Volume Reaches $602 Billion Mark in May, Report States

Azeez Mustapha

Updated:

Unlock Daily Forex Signals

Select a Plan

£39

1 - month
Subscription

Select

£89

3 - month
Subscription

Select

£129

6 - month
Subscription

Select

£399

Lifetime
Subscription

Select

£50

Separate Swing Trading Group

Select

Or

Get VIP forex signals, VIP crypto signals, swing signals, and forex course free for lifetime.

Just open an account with one our affiliate broker and make a minimum deposit: 250 USD.

Email [email protected] with a screenshot of funds on account to get access!

Sponsored by

Sponsored Sponsored
Checkmark

Service for copy trading. Our Algo automatically opens and closes trades.

Checkmark

The L2T Algo provides highly profitable signals with minimal risk.

Checkmark

24/7 cryptocurrency trading. While you sleep, we trade.

Checkmark

10 minute setup with substantial advantages. The manual is provided with the purchase.

Checkmark

79% Success rate. Our outcomes will excite you.

Checkmark

Up to 70 trades per month. There are more than 5 pairs available.

Checkmark

Monthly subscriptions begin at £58.


The crypto derivative activity soared in May and registered an all-time high, as per a report released by crypt data company CryptoCompare.

CryptoCompare says in a recently released May 2020 study that derivative volumes soared to $602 billion, a 32 percent leap. The research also stated key development channels.

As per the report, for May, Huobi, Binance, and OKEx represented at least 80 percent of all derivative activity in the sector. Of the three, Huobi came did come tops to reach $176 billion, leaping 29 percent from April. OKEx reached $156 billion and Binance, with $139 billion, came in third.

CryptoCompare as well provided that the latest halving of Bitcoin may have a great deal to do with this. Numerous traders and investors also had a good amount of extra derivative activity in anticipation of Bitcoin’s halving. The organization further said there was a large increase in the number of crypto options being traded in the study.

Deribit, options exchange had its options to increase volume by more than 100 percent back in May to $3.06 billion. A day before the Bitcoin’s halving, Deribit grabbed at $196 million worth in the highest 24-hour volume of trading since its inception four years ago.

Deribit reached a high of $1bn for the volume of Bitcoin options on May 19.
Chicago Mercantile Exchange (CME)
Cryptocompare reports that last month’s Bitcoin (BTC) derivatives saw huge increases in trading volume with institutional player Chicago Mercantile Exchange (CME) increasing quickest to $7.2 billion at 59 percent.

The volumes of institutional options on CME attained a monthly mark of 5,996 contracts, up 16-fold from April. The regulated exchange also set a new daily high on May 28,  with trades of 1,418 Bitcoin options contracts.

Derebit’s options volume increased in May to $3.06 billion by 109 percent.

CME’s futures contract has increased by 36% in May to 166,000 volumes.

  • Broker
  • Benefits
  • Min Deposit
  • Score
  • Visit Broker
  • Award-winning Cryptocurrency trading platform
  • $100 minimum deposit,
  • FCA & Cysec regulated
$100 Min Deposit
9.8
  • 20% welcome bonus of upto $10,000
  • Minimum deposit $100
  • Verify your account before the bonus is credited
$100 Min Deposit
9
  • Over 100 different financial products
  • Invest from as little as $10
  • Same-day withdrawal is possible
$250 Min Deposit
9.8
  • The Lowest Trading Costs
  • 50% Welcome Bonus
  • Award-winning 24 Hour Support
$50 Min Deposit
9
  • Fund Moneta Markets account with a minimum of $250
  • Opt in using the form to claim your 50% deposit bonus
$250 Min Deposit
9

Share with other traders!

Azeez Mustapha

Azeez Mustapha is a trading professional, currency analyst, signals strategist, and funds manager with over ten years of experience within the financial field. As a blogger and finance author, he helps investors understand complex financial concepts, improve their investing skills, and learn how to manage their money.

Leave a Reply

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