Crypto Derivative Volumes Hit Record $602B In May: Report

A flurry of crypto choices exercise forward of Bitcoin’s halving contributed to by-product volumes striking a brand new all-time excessive in May.

In a brand new report Thursday, London-based information collector CryptoExamine discovered crypto by-product volumes elevated 32% to $602 billion. That’s a brand new all-time excessive, squeaking previous the earlier document of $600 billion kick in March.

Most of the heavy-lifting got here from Huobi, OKEx and Binance. The three exchanges made up 80% of May’s by-product exercise. Huobi was the biggest, with $176 billion in quantity, up 29% from April. OKEx and Binance got here in with $156 billion and $139 billion, respectively.

But CryptoExamine additionally discovered there was a notable improve in buying and merchandising exercise round crypto choices, contracts giving the owner the best to purchase or promote the underlying at a mere date and value.

Volume on choices change Deribit greater than twofold to $3.06 billion in May. On the 10th of that month, the day earlier than the Bitcoin halving occasion, $196 million value of trades one-handed by way of Deribit, making it the single-biggest day inside the platform’s four-year historical past.

Similarly, institutional change CME, which exclusively launched its personal crypto choices earlier this 12 months, reportable a 16-fold improve in month-to-month exercise in comparison with April. Like Deribit, there was a major uptick in buying and merchandising exercise in and crosswise the Bitcoin halving occasion.

Speaking to CoinDesk, CryptoExamine founder and CEO Charles Hayter expressed the surge in crypto choices buying and merchandising advised a “more sophisticated, diverse class of investor” is acquiring concerned throughout a interval when not exclusively was there a halving occasion, but additionally “unprecedented business measures” happening world wide following the coronavirus outbreak.

CryptoExamine additionally discovered that crypto derivatives gained market share in May. While spot volumes proceed to make up the lion’s share, representing roughly 68% of complete buying and merchandising exercise, crypto derivatives detected their share improve to 32% in May from 27% in April.


The chief in blockchain information, CoinDesk is a media outlet that strives for the best print media requirements and abides by a strict set of editorial insurance policies. CoinDesk is an unbiased working subsidiary of Digital Currency Group, which invests in cryptocurrencies and blockchain startups.

Crypto Derivative Volumes Hit Record $602B In May: Report

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