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) $ 30,709.00 4.33%
ethereum
Ethereum (ETH) $ 1,257.38 4.93%
tether
Tether (USDT) $ 1.00 0.40%
polkadot
Polkadot (DOT) $ 15.72 4.72%
ripple
XRP (XRP) $ 0.252253 5.13%
cardano
Cardano (ADA) $ 0.317850 5.74%
chainlink
Chainlink (LINK) $ 21.67 2.96%
litecoin
Litecoin (LTC) $ 123.29 7.14%
bitcoin-cash
Bitcoin Cash (BCH) $ 380.29 9.63%
binancecoin
Binance Coin (BNB) $ 41.47 0.37%
S&P 500  ^GSPC 
$3,750.77  $98.85  (-2.57%)
Dow Jones Industrial Average  ^DJI 
$30,303.17  $633.83  (-2.05%)
NASDAQ Composite  ^IXIC 
$13,270.60  $355.47  (-2.61%)
Russell 2000  ^RUT 
$2,108.70  $41.16  (-1.91%)
Crude Oil Mar 21  F*CL.NYM 
$52.78  $0.0700  (-0.13%)
   
$0.0000  $0.0000  (0.00%)