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More Than 95% of Crypto Futures Volume Is in Asia: Report

Asian exchanges account for more than 95% of the futures volume in crypto, according to a new report by Switzerland-based Blockchain Valley Ventures.

Aug 27, 2020 at 3:46 p.m. UTC
Updated Sep 14, 2021 at 9:48 a.m. UTC

Asian exchanges account for more than 95% of the futures volume in crypto, according to a new report by Switzerland-based Blockchain Valley Ventures (BVV).

Key findings from the report include:

  • Huobi, Binance and OKEx have surpassed BitMEX as the leading exchanges in the spot and derivatives markets.
  • From Q1 to Q2 in 2020, the total volume of crypto derivatives – the value tied up in bets on future price movements – increased by $60 billion to $2.16 trillion.
  • Spot volumes decreased by 18% over the same time span, reaching $5.44 trillion.
  • Because of how widely derivatives products vary among exchanges, BVV predicts there will be several acquisitions in the crypto exchange market in the next few months.
  • BVV also predicts that the most likely acquisition targets are LedgerX, BitFlyer and ErisX; the firm ID’d Coinbase, Bitstamp, Huobi and Binance as the most likely acquirers.
  • “Derivatives are the gateway for institutional investors,” BVV partner Sebastian Markowsky said in an interview. “The player that can enter the U.S. or European market in a regulated way is going to grab a lot of institutional capital.”

Read the full report below:

DISCLOSURE

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