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 â the value tied up in bets on future price movements â 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 IDâd Coinbase, Bitstamp, Huobi and Binance as the most likely acquirers.
- âDerivatives are the gateway for institutional investors,â BVV partner Sebastian Markowsky said in an interview. âThe player that can enter the U.S. or European market in a regulated way is going to grab a lot of institutional capital.â
Read the full report below:
Related: Japanese Financial Giant SBI Holdings Launches Short-Term Crypto Derivatives
Read more: Crypto Derivative Volumes Hit Record $602B in May: Report
Related Stories
- DeFi Studio Framework Labs Leaves Stealth Mode With $8M in Seed Funding
- Prosecutors Detail âShadow Bankâ Accounts in Fowler Crypto Case
- US Files Suit Against Crypto Accounts Tied to North Korea
The views and opinions expressed herein are the views and opinions of the author and do not necessarily reflect those of Nasdaq, Inc.
