Average Crypto Trading Volume Skyrockets in the First Quarter of 2020

Hey ninja’s, how’s the trading going? A report from the 2020 Q1 Cryptocurrency Derivatives Exchange Industry shows that following the decline in trading volume in the Q4 2019, there has been a 314% increase in the total futures trading volume. 

According to a study by Tokeninsight, in the first quarter of 2020, the total futures trading volume in the crypto industry soared over $2.1 trillion, indicating a growth of eight times more that of 2019. 

Several top crypto trading platforms were included in Tokeninsight’s volume analysis as well as some emerging derivatives exchanges. The platforms included Binance Futures, Okex, BitMEX, Huobi DM, Binance JEX, Deribit, Bitget, Gate.io, FTX, BitZ NU, and KuMEX. 

According to Tokeninsight, the average daily trading volume of the whole market reached $23.3 billion in the first quarter of 2020, proving a 274% increase from the value recorded in the fourth quarter of 2019. 

The report also highlighted the correlation between the futures market and spot market fluctuations, noting that the spot trading volume fell to 0.31 from 0.76 recorded in the fourth quarter in 2019. This led researchers to conclude that users of futures trading might be independent of spot trading.

Don’t always forget to holla at Ninja Discord anytime to talk about cryptocurrency. You can as well check out our exclusive Ninja coin giveaways and Trading View analysis. 

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