Rise in trading volumes of Bitcoin and Ethereum derivatives in USD

03/08/2023 19:56 • Digital Disruptors • 88 views

According to reports, the data showed that the trading volume of derivatives of Bitcoin and Ethereum in US dollars continued to rise in February. The trading volume of futures and options of Bitcoin increased by about 13%, while the trading volume of futures and options of Ethereum increased by 2% and 30% respectively. Under the background of hot supervision, the spot trading volume continued to rise, and this growth occurred in this context. Last month, the trading volume of Bitcoin futures in all exchanges was 791 billion US dollars, up from 697 billion US dollars in January, and increased for the third consecutive month. Options increased from $17.7 billion to about $20 billion.

Data: CME’s trading volume of Ethereum options has reached the highest level since its establishment

Analysis based on this information:

The reported data indicates that the trading volume of Bitcoin and Ethereum derivatives in USD continued to see an upward trend in February. The trading volumes of futures and options of Bitcoin rose by 13%, while futures and options of Ethereum increased by 2% and 30% respectively. Despite hot regulatory scrutiny, spot trading volumes showed continued growth, which contributed to the rise in overall trading volumes.

In February, the trading volume of Bitcoin futures across all exchanges reached $791 billion, which is an increase from $697 billion in January. This rise marked the third consecutive month of growth in trading volumes. The options market for Bitcoin also saw growth, with volumes increasing from $17.7 billion to about $20 billion.

The trend in rising trading volumes suggests that digital assets such as Bitcoin and Ethereum are gaining more mainstream acceptance, and investors are increasingly seeing them as viable investment options. However, it is worth noting that the current regulatory environment is uncertain and there may be some risk associated with investing in these assets.

Despite the volatility of cryptocurrencies, the derivatives market is becoming more mature and attracting institutional investors. Additionally, the rise in trading volumes of Ethereum derivatives may indicate that investors are increasingly starting to recognize the potential of Ethereum as a platform for launching decentralized applications, which some have dubbed “Web 3.0.”

In conclusion, the rise in trading volumes of Bitcoin and Ethereum derivatives in USD signifies a growing acceptance of digital assets among investors. Although cryptocurrencies remain a largely speculative investment class, the growth of the derivatives market may attract more institutional investors and help to stabilize the market. However, the risks associated with investing in these assets should not be overlooked.

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