CryptoCompare Launches Benchmark Rankings for Exchanges
Cryptocurrency data and indices provider CryptoCompare is working to make it easier to spot good, and bad, crypto exchanges.
The products trading under the tickers MVDA10 and MVDA25 will use CryptoCompare’s market data and give investors exposure to digital assets.
Even with the increase in AUM, average ETP volumes in February dropped 37.8% to $936 million.
While volume was down across both sectors, monthly derivatives volume exceeded spot for the first time this year.
Crypto exchange volumes could continue falling should volatility remain at these low levels, said CryptoCompare CEO Charles Hayter.
A flurry of activity around the bitcoin halving led to crypto derivatives volumes in May gaining key market share against spot volumes.