Although OKEx saw an astonishing derivatives total volume of $90.34B in September, it is still down by 14.9% when compared to August.
Figure 1. Crypto Derivatives Total Monthly Volume (CryptoCompare)
“It’s been a tough month for us all. But let’s face it. Pain is good. It can’t be rainbows and sunshine every day. The overall crypto market simply reflects one thing - how we all perform. And now we need to do better.”
It is also worth highlighting that OKEx represented the majority of daily derivatives volumes trading at $3B per day (33.7% market share).
By offering both futures contracts and perpetual swaps for 9 different cryptocurrencies, OKEx stayed ahead of the competitors in the market in terms of total derivatives volume.
Figure 2. Derivatives Exchange Volumes in September - Overview (CryptoCompare)
“Still, we’re proud to have stayed at the top in derivatives trading. And we will keep innovating - a new derivatives product will be launched by the end of this year!”
CryptoCompare is the global leader in digital asset data. Institutional and retail investors rely on the company for real-time, high quality data spanning 3,200+ coins and 150,000+ currency pairs.
By aggregating and analysing tick data from globally recognised exchanges and seamlessly integrating multiple datasets, CryptoCompare provides a comprehensive, granular overview of the market across trade, order book, historical, social and blockchain data.
For more information, please visit https://data.cryptocompare.com.