The trading volume in the derivatives cryptocurrency market exceeded $1 TRLN - Bits Media

In August, the volume of trading in cryptocurrencies on spot platforms increased significantly and for the first time since May exceeded $1 trillion. The volume of transactions with Bitcoin futures also increased slightly.

The total trading volume in the urgent cryptocurrency market in August was $1.07 trillion. Of course, the indicator is still far from the May record, when the volume was more $2.3 trillion, However, growth compared to July compiled 65%.

Binance remains the leader among the sites for trading cryptocurrencies - it was committed 70.1% transactions. In second place is the Coinbase Exchange (9%), and on the third - ftx (5.7%). The volume of trading on decentralized exchanges in August reached $82 billion. Growth compared to July indicators 34%.

Bitcoin futures in August also grew up in August., but, Compared to an urgent market, growth turned out to be noticeably less - the indicator reached $1.73 trillion, What's on 17% More results in July.

Binance also leads in the futures market - 52% the volume of trading was made on this site. Also among leaders in the volume of trading were BYBIT and OKEX exchanges. The volume of trading options for Bitcoin in August grew up 66% And compiled $17.79 billion. Most of the auction of this product took place at the Deribit site.

Earlier, FTX Director General Sam Bankman-Fried noted, that despite the growth of the popularity of cryptocurrency derivatives in recent years, Many still underestimate the potential of these derivatives of financial instruments and incorrectly understand the principles of their work.