Report Shows Crypto Derivatives Volumes Surged 32% To A Record $602 Billion In May

Report shows crypto derivatives volume surged 32% to a record $602 billion in May. Total spot volumes rose 5% to $1.27 trillion in May.

The figures show increasing investor interest in trading derivatives – contracts signed by at least two people to buy or sell a digital asset at an agreed price in the future. For the review month, derivatives market share rose to 32% compared to 27% in April.

Huobi accounted for the largest trade volume of $176 billion, up 29% month-on-month followed by Okex and Binance with $152 billion and $139 billion trades’ worth, respectively.

Hong Kong-based Bitmex traded $94.8 billion, up 37% since April while trades at Deribit soared 22% to $13.4 billion. Institutional options volumes on CME reached a monthly record of 5,996 contracts, up sixteen-fold from April. The regulated exchange also broke a new daily record on May 28, with trades of 1,418 Bitcoin options contracts. Deribit’s options volume spiked 109% in May to $3.06 billion.

Cryptocompare said the bulk of spot trading happened on exchanges it considers low-tier and unregulated, accounting for $49.88 billion of the volume while top-tier exchanges traded $14.86 billion.

[image: Flickr]

bitcoin
Bitcoin (BTC) $ 13,282.90 0.89%
ethereum
Ethereum (ETH) $ 377.36 2.57%
tether
Tether (USDT) $ 1.00 0.14%
ripple
XRP (XRP) $ 0.235005 3.31%
bitcoin-cash
Bitcoin Cash (BCH) $ 260.65 2.08%
chainlink
Chainlink (LINK) $ 10.91 4.61%
binancecoin
Binance Coin (BNB) $ 27.95 7.13%
polkadot
Polkadot (DOT) $ 4.03 6.95%
litecoin
Litecoin (LTC) $ 53.09 4.74%
bitcoin-cash-sv
Bitcoin SV (BSV) $ 162.51 3.40%
S&P 500  ^GSPC 
$3,310.11  $39.08  (1.19%)
Dow Jones Industrial Average  ^DJI 
$26,659.11  $139.16  (0.52%)
NASDAQ Composite  ^IXIC 
$11,185.59  $180.72  (1.64%)
Russell 2000  ^RUT 
$1,561.58  $18.30  (1.19%)
Crude Oil Dec 20  F*CL.NYM 
$36.05  $0.1200  (-0.33%)
   
$0.0000  $0.0000  (0.00%)