- Cryptocurrency derivatives market touched the highest trading volume during this year on 14th January.
- The daily trading volume of Bitcoin futures contracts alone is about $ 25 billion.
- On Jan 14, it was recorded as the largest trading volume in the Bitcoin options market since June 26,2019.
The cryptocurrency derivatives market touched the highest trading volume during this year on 14th January. The skew data show that the daily trading volume of Bitcoin futures contracts alone is about $ 25 billion. In addition to that, on Jan 14, it was recorded as the largest trading volume in the Bitcoin options market since June 26 previous year. The largest share was taken by the deribit of the overall trading market, whereas ledger and CME group led in the total US market.
The ETH market gained significant increment in their trading volume, with the futures trading volume reaching the US $ 3 billion, which was three-time of trading volume of the previous day. Also, the trading volume of the ETH option rose to 5 times compared to the last day.
From the perspective of some different market observer, growth in the investor list in the cryptocurrency derivatives that may be somehow related to the CME group launch of trading option on this Monday and also a more regulated market.
Emmanuel Goh also said that “the Bitcoin option by CME group has performed well on their first-day launch, which stimulated the interest of most investment market players.” Marius Jansen, chief operating officer of deribit also mentioned “In my point of view, this is a signal that the crypto market is getting more mature.”
The insider also believed that “the cryptocurrency derivatives market may erupt in 2020 and bakkt, BitMEX, Deribit, OKEx and CME group are all going to compete for the overall market share ”
The cryptocurrency derivative is an agreement that helps in predicting the purchase or sale of crypto money or an asset based on it at a predetermined future price. Derivative depends upon the future dependent value of the cryptocurrency.
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