{"id":1670,"date":"2022-02-04T23:52:31","date_gmt":"2022-02-04T23:52:31","guid":{"rendered":"http:\/\/cryptoheretostay.com\/?p=1670"},"modified":"2022-02-04T23:52:32","modified_gmt":"2022-02-04T23:52:32","slug":"derivative-markets-hit-an-ath-in-market-share-in-january-as-spot-volumes-fall-30-2","status":"publish","type":"post","link":"https:\/\/cryptoheretostay.com\/?p=1670","title":{"rendered":"Derivative markets hit an ATH in market share in January, as spot volumes fall 30.2%\u00a0"},"content":{"rendered":"<p> <script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"crypto\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<\/p>\n<p>In January, crypto exchanges saw spot volumes reach their lowest level since December 2020, CryptoCompare\u2019s recent market data analysis report revealed. <\/p>\n<p>While spot volumes fell 30.2% month-on-month, derivatives market volumes remained steady and reached an all-time high (ATH) market share of 61.2%\u2013suggesting crypto investors turned to hedging and speculation.<\/p>\n<h2><strong>Spot trading volumes took a severe hit last month<\/strong><\/h2>\n<p>In January, spot volumes on centralized exchanges fell to $1.81 trillion, down 30.2% month-on-month\u2013reaching their lowest level since December 2020 ($1.17 trillion).<\/p>\n<p>This retraction consisted of a 21.2% drop in top-tier exchange volumes and a 66.3% drop in lower-tier exchange volumes.<\/p>\n<p>According to the report, top-tier exchanges now make up for 90.3% of all spot volumes.\u00a0<\/p>\n<p>Monthly spot volumes: Top-tier and low-tier exchanges (CryptoCompare)<\/p>\n<p>In January, Binance (trading $504 billion), OKEx (trading $131 billion), and Coinbase (trading $120 billion) were the top players in terms of spot volume.<\/p>\n<p>Monthly spot volumes: Top-tier exchanges (CryptoCompare)<\/p>\n<p>Spot volumes also recorded the lowest intra-month high since December 2020.\u00a0<\/p>\n<p>Zooming in, the report revealed that daily total spot volume hit an intra-month high of $91.1 billion on January 24th\u2013down 47.5% compared to the previous month.<\/p>\n<h2><strong>Derivative markets remain steady\u2013reach an ATH market share\u00a0<\/strong><\/h2>\n<p>Meanwhile, derivatives market volumes remained steady and only recorded a marginal decrease\u2013down 0.4% month-on-month to $2.86 trillion.<\/p>\n<p>Consequently, derivative markets reached an ATH market share of 61.2%, breaking the previous record of 57.3% in November 2020.<\/p>\n<p>The report concluded:<\/p>\n<p>\u201cThis suggests an increase in hedging and speculation in cryptocurrency markets in the month of January, as participants shift to trading futures and options,\u201d\u00a0<\/p>\n<p>However, CryptoCompare noted that January derivatives market volumes remain significantly below the ATHs recorded in May 2021($4.96 trillion).\u00a0<\/p>\n<p>As for crypto exchanges\u2013Binance dominated the derivative markets in January, with 51.6% of total volumes, followed by OKEx (19.6%) and FTX (12.1%).\u00a0<\/p>\n<p>Monthly derivatives volume per crypto exchange (CryptoCompare)<\/p>\n<p>Zooming in, the report revealed 1.882 BTC option contracts were traded in the CME in January, up 28.6% month-on-month, reaching the highest amount of BTC options traded since December 2020 (3.749).<\/p>\n<p>CME BTC option contracts: Monthly volumes (CryptoCompare)<\/p>\n<p>Meanwhile, BTC futures contract volumes were up 23.9%, while ETH futures contract volumes increased 59.4%.<\/p>\n<p>CME BTC futures contracts: Monthly volumes (CryptoCompare)CME ETH futures contracts: Monthly volumes (CryptoCompare)<\/p>\n<p>\u00a0<\/p>\n<p>\u00a0<\/p>\n<p>Posted In: Derivatives, Exchanges <\/p>\n<p><h2>CryptoSlate Newsletter<\/h2>\n<\/p>\n<p>Featuring a summary of the most important daily stories in the world of crypto, DeFi, NFTs and more.<\/p>\n<h2>Get an edge on the cryptoasset market<\/h2>\n<p>Access more crypto insights and context in every article as a paid member of CryptoSlate Edge.<\/p>\n<p>  <strong>On-chain analysis<\/strong><\/p>\n<p>  <strong>Price snapshots<\/strong><\/p>\n<p>  <strong>More context<\/strong><\/p>\n<p> Join now for $19\/month Explore all benefits<br \/>\n<br \/><script type=\"text\/javascript\">\r\namzn_assoc_placement = \"adunit0\";\r\namzn_assoc_tracking_id = \"totafreearti-20\";\r\namzn_assoc_ad_mode = \"search\";\r\namzn_assoc_ad_type = \"smart\";\r\namzn_assoc_marketplace = \"amazon\";\r\namzn_assoc_region = \"US\";\r\namzn_assoc_default_search_phrase = \"bitcoin\";\r\namzn_assoc_default_category = \"All\";\r\namzn_assoc_search_bar = \"false\";\r\namzn_assoc_title = \"\";\r\namzn_assoc_rows =\"1\";\r\n<\/script>\r\n<script src=\"\/\/z-na.amazon-adsystem.com\/widgets\/onejs?MarketPlace=US\"><\/script><br \/>\n<br \/><a href=\"https:\/\/cryptoslate.com\/derivative-markets-hit-an-ath-in-market-share-in-january-as-spot-volumes-fall-30-2\/\" target=\"_blank\" rel=\"noopener\">Source<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>In January, crypto exchanges saw spot volumes reach their lowest level since December 2020, CryptoCompare\u2019s recent market data analysis report revealed. While spot volumes fell 30.2% month-on-month, derivatives market volumes remained steady and reached an all-time high (ATH) market share of 61.2%\u2013suggesting crypto investors turned to hedging and speculation. Spot trading volumes took a severe [&hellip;]<\/p>\n","protected":false},"author":1,"featured_media":1671,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_wp_rev_ctl_limit":""},"categories":[3],"tags":[],"class_list":["post-1670","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-ethereum-news"],"_links":{"self":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1670","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/users\/1"}],"replies":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcomments&post=1670"}],"version-history":[{"count":1,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1670\/revisions"}],"predecessor-version":[{"id":1672,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/posts\/1670\/revisions\/1672"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=\/wp\/v2\/media\/1671"}],"wp:attachment":[{"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fmedia&parent=1670"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Fcategories&post=1670"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cryptoheretostay.com\/index.php?rest_route=%2Fwp%2Fv2%2Ftags&post=1670"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}