Binance Becomes Largest Crypto Derivatives Exchange In September, Beating Huobi and OKEx
Binance turned out to be the largest crypto derivatives exchange in September with $ 164.8 billion in turnover, beating Huobi and OKEx. This data is provided in a new report from CryptoCompare.
The derivatives trading volume on Huobi and OKEx last month totaled $ 156.3 billion and $ 155.7 billion, respectively. BitMEX is in fourth place with $ 56.4 billion.
CryptoCompare data indicates that BitMEX has lost ground in the market even before the accusations of the US Department of Justice and the Commodity Futures Trading Commission were brought against it and its management on October 1. September turned out to be the worst month for BitMEX with a 30.7% relative decline in turnover.
Huobi, OKEx and Binance attracted about 90% of derivatives trades, while total trading volume in this direction decreased by 17.5% to $ 634.9 billion. The only exchange that was able to improve its position in September was FTX. Its turnover grew by 12% to $ 23.89 billion.
On September 3, the current year record was set for the daily trading volume of cryptocurrency derivatives with a value of $ 27.6 billion.The previous maximum was recorded on July 27 at $ 27.1 billion..
Institutional trading volumes on the Chicago Mercantile Exchange (CME) remained almost unchanged, falling just 1%, while options trading rose 79.4%.
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