Crypto Derivatives Market Share Hits All-Time High

Cryptocurrency derivatives trading volume on centralized exchanges fell in April, but spot trading volume declined even more, pushing the derivatives market share up to a new all-time high.

According to CCData, the market share of crypto derivatives trading rose to a record 77.6% even as absolute derivatives trading volume slid 23.3% to $2.15 trillion. Pushing the market share higher was a 40.2% tumble in spot volume to $621 billion. Spiking derivatives market share – now higher for three consecutive months – highlights the speculative nature of the crypto market amid uncertainties around the possibility of pause on rate hikes by the Federal Reserve, suggested CCData.

Binance is the largest derivatives trading platform, accounting for 61.4% of the market. OKX and ByBit follow in second and third place, with 15% and 14.6% market shares, respectively.

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Galaxy Digital Posts $134M First-Quarter Profit on Strong Showing for Crypto Market.galaxyhq reported net income of $134 million in Q1, returning to the black after four quarters of losses because of a strong showing across the crypto market since the start of the year. By JamieCrawleyCD
Источник: CoinDesk - 🏆 291. / 63 Прочитайте больше »

Jefferies says this plumbing stock can rally nearly 30%, sees company increasing market shareJefferies upgraded the stock to buy from hold. Its new price target of $181 implies shares rallying 28% from Monday's close.
Источник: CNBC - 🏆 12. / 72 Прочитайте больше »