OKEx leads Bitcoin derivatives trading

21 Apr, 2019 | Updated: 22 Apr, 2019
by David Robb
Exchange
OKEx leads Bitcoin derivatives trading

The OKEx exchange has been leading the way for Bitcoin derivatives trading over the past month, as reported by CryptoGlobe. On average, over $1.5 billion worth of derivatives were traded each day on the platform in March.

OKEx's total was over $350 million greater than the second-most popular BTC derivatives trading platform in March, bitFlyer Lightning, which saw around $1.14 billion worth of BTC contracts traded per day on average.

The BitMEX exchange used to lead the way in terms of BTC derivatives trading, but has now been eclipsed by these other exchanges. For the month of March, it saw just $645 million traded per day on average.

As for institutional trading platforms that also deal with fiat currencies, the BTC trading volume was much less. CME, which in conjunction with CBOE recently launched a unsuccessful bid to change SEC rules in order to list a Bitcoin ETF, led the way. It saw an average of just $70.5 million worth of Bitcoin derivatives traded daily in March. However, the recent BTC rally has led to an increase in popularity, and the platform reported an all-time daily record on April 4.

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Read more about: Bitcoin (BTC) OKEX

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