Record Bitcoin Options Market Volume Shows Institutions Keen on Crypto
Cointelegraph
Published Jul 06, 2020 07:06PM ET
Updated Jul 06, 2020 08:40PM ET
A CryptoCompare report published on July 6 has closely analyzed monthly trends in the cryptocurrency exchange market and found that crypto derivatives volumes have begun to taper off after peaking this May. Crypto derivatives volumes dropped 35.7% in June to $393 billion.
The overall trend which was also observed in the spot markets can be partially explained by the lack of volatility currently seen in Bitcoin and the majority of crypto assets within the market. There are a few exceptions like DeFi tokens, which have outperformed Bitcoin (BTC) considerably in the last month.
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Written By: Cointelegraph
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