Bitcoin futures and options trading volumes reached all-time highs in March
April 5, 2021, 5:28PM EDT
1 min read
Monthly volumes for bitcoin futures and options both broke all-time highs in March, according to data compiled by The Block Research.
Bitcoin futures volume reached $2.13 trillion last month, or 1.90% larger than the previous high, which was recorded in January. The top players accounting for March’s bitcoin future volumes were Binance with 33.84% of the volume, Huobi with 22.32%, and OKEx with 13.75%.
Meanwhile, bitcoin options rose 16.19% from February to March, reaching a total volume of $28.63 billion last month. Of that volume, 96.26% was from Deribit, 3.37% was from OKEx, and 2.02% was from CME.
Today the always-on demands of online markets have to be matched with the ability to access opportunities instantly and with no limits. Historically correspondent banks would move large sums of money for those needing to transfer funds while creating bottlenecks of unnecessary friction.
Ethereum had a breakout year in 2021. It’s native asset, ETH’s, market capitalization surpassed $500 billion for the first time. Its network facilitated upwards of $7 trillion value transfer. Non-fungible tokens (NFTs) emerged as another “killer application” that have put its technology on the global stage and caught the attention of the masses.