2019 has been crucial to the emergence of the crypto-derivatives market. Many industry experts believe that this sector would soon replicate positive figures exhibited by the traditional market as crypto-derivatives become more and more popular with institutional traders and investors continue to jump into the bandwagon.<\/p>\n
For a long time, the derivatives space was dominated by players like BitMEX. However, exchanges such as the Malta-based crypto-giant, Binance, have also gained a consistent foothold over the past year. According to Binance Researchs latest report titled, December Markets Overview published on 3 January 2020, Binance Futures have recorded consistent growth.<\/p>\n
Source: Binance Research | Volume of Binance BTC\/USDT perpetual futures contract and spot market [in USDT million]<\/p>\n
The first major spike for both spot as well as Futures volume was noted in October 2019. This was during the same time when Bitcoin witnessed a sharp surge in its price from a low of around $7.4k to $9.6k within 48 hours. The next major high for BTC\/USDT perpetual Futures volume was seen in November, a high which coincided with a short-lived price rebound. BTC spot volume, on the other hand, did not post a significant figure, despite a few minor surges since October.<\/p>\n
The latest high in BTC\/USDT Futures was occasioned with the king coins price rally from $6.6k on 19 December to $7.5k on 23 December.<\/p>\n
Source: Binance Research | Volume of Binance ETH\/USDT perpetual futures contract and spot market [in USDT million]<\/p>\n
ETH\/USDT perpetual contract markets displayed a median daily volume of $58.7 million while the spot market exhibited $32.9 million daily volume.<\/p>\n
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