A total of $1.43 trillion (approx.) worth of cryptocurrency derivatives products were traded in December, as volumes went up 9.0% (approx.) when compared to November. The figure represents a new all-time high for monthly derivatives trading volumes according to CryptoCompare’s December 2020 Exchange Review.
The top crypto derivatives trading platforms saw increases in their trading volumes from November to December. Binance was the largest derivatives exchange in December and saw its volume climb 12.5% to $451 billion to, while OKEx’s volume went up 21.8% to $284.2 billion. See image below.
At the same time it seems that institutional trading volumes on the CME, increased by 32.9% in December compared to November. In terms of total USD trading volume, CME’s crypto derivatives volumes increased to $24 billion in December. See image below.
Sourced Directly from CryptoCompare. Click on the following link for the full report: https://www.cryptocompare.com/media/37622035/cryptocompare_exchange_review_2020_12.pdf