Crypto Derivatives Monthly Volume At New All-Time High: Binance Ahead of BitMEX – CryptoPotato

Cryptocurrency derivatives trading volume reached a new monthly all-time high in May 2020, surpassing the previous record recorded in March, recent research indicates. Volumes on regulated exchanges such as CME soared as well for both futures and options trading.

Crypto Derivatives Monthly Volume ATH

According to the report by CryptoCompare, the monthly trading volume of cryptocurrency derivatives surged by 30% in May. It hit a fresh all-time high of $602 billion, beating the previous record from March by just $2 billion.

Crytpo derivates are basically contracts getting their value from the base asset, which is mostly Bitcoin. Derivates include futures and options, which are mostly traded on crypto margin trading exchanges.

Derivatives Monthly Volume: Source: CryptoCompare
Derivatives Monthly Volume: Source: CryptoCompare

The report outlined the growth in the trading volumes on most exchanges. While all examined platforms saw double-digit increases in derivatives volumes in May, the Chicago Mercantile Exchange (CME) registered the most significant surge of 59% since April.

Outside of the regulated exchange, Binance, mostly complied with the Binance Futures platform volume, was the second-seeded with a 58% surge, followed by BitMEX, FTX, and OKEx. Interesting fact, Binance is beating BitMEX for the second month in a row.

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Nevertheless, Huobi remained the leader in terms of the most substantial derivatives trading volume. OKEx and Binance followed tightly.