Crypto Derivatives Lost Overall Market Share in March Despite Hitting Record High Trading Volume of $6.18T
Briefly

from Coindesk1 month ago
Crypto derivatives trading volume rose 86.5% to $6.18 trillion but its market share declined to 67.8%, the lowest since December 2022.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/crypto-derivatives-lost-overall-market-share-in-march-despite-hitting-record-high-trading-volume-of-618t/
Spot trading volume also increased, reaching $2.94 trillion, the highest monthly volume since May 2021, contributing to a record combined trading volume of $9.12 trillion.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/crypto-derivatives-lost-overall-market-share-in-march-despite-hitting-record-high-trading-volume-of-618t/
The decline in derivatives' market dominance may signal positive news for crypto bulls expecting a sustained price rally.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/crypto-derivatives-lost-overall-market-share-in-march-despite-hitting-record-high-trading-volume-of-618t/
Bitcoin surged over 16.6% in March, setting new highs above $73,000, with the broader market gauge, the CoinDesk 20 Index, also rising over 50% in the first quarter.
Coindeskhttps://www.coindesk.com/markets/2024/04/05/crypto-derivatives-lost-overall-market-share-in-march-despite-hitting-record-high-trading-volume-of-618t/
Read at Coindesk
#derivatives-trading #market-activity #speculation #bitcoin
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