Statistics from CryptoComapre show that trading in cryptocurrency derivatives made up 63.4% of the cryptocurrency market in September. From one month to the next, trading in cryptocurrency derivatives increased by 1.54% and reached $2.71 trillion. You can trade bitcoin easily and safely on a variety of platforms, including Bitsoft360.
In September, Binance, run by Changpeng Zho, was used for trading 60.1% of all derivatives on exchanges. This pattern didn’t change in July and August, when its volume was higher than that of its competitors on other exchanges. OKX is in second place because it owns 16.8% of the market. Bybit comes in third because it has 11.7% of the market.
The study found that on September 13, different exchanges traded derivatives worth $136 billion. Most trades took place on this day. In the same month, spot trading operations increased by 3%, reaching $1.56 trillion.
What made people stop using Huobi?
Huobi’s shares have decreased because the company’s derivatives trading volume dropped by 27.9% to $9.56 billion in September, continuing a downward trend that started at the beginning of the year.
According to a study by CryptoCompare, the best place to trade derivatives is Huobi. But since the beginning of the year, 77% fewer people have been going to the site. It had 34.6% of the market in January 2020. It should only have 0.36 percent by September 2022.
During this time, the exchange announced that it had been bought by Hong Kong-based About Capital, which runs an investment fund. Justin Sun made Tron Network. He is now a Global Advisor for the exchange and has money in the fund.
CME says that there have been more trades of bitcoin futures. On the Chicago Mercantile Exchange (CME), trading in Bitcoin futures went up by 37.3% to $27.4 billion. This is the first time in the last four months that the number of trades has increased. Institutions are again interested in Bitcoin futures, shown by the rise in trading.
Huobi is a place where cryptocurrency futures can be bought and sold. Huobi Futures gives traders and investors a lot of ways to get into the market by giving them a wide range of cryptocurrency futures products.
People can buy two different kinds of futures
The USD-Margined Futures Contracts are agreements that can be kept for a long time. They have leverage of up to 200x and are settled in USDT. Here, you can learn more about the rules for contracts backed by USD.
Coin-Margined Futures contracts give you up to 200x leverage and are settled in cryptocurrency. “delivery contracts” and “forever contracts” can be used with these contracts.
Learn more about the Coin-margined agreement and how it works here.
To meet the needs of different clients, there are both USD and coin-margined contracts. Users can trade futures contracts backed by a wide range of marginal assets because these contracts are flexible and come in many different forms. People can make more money with these contracts because they can be used in different ways to help them make more money.
To trade futures, you need to know a lot about the different futures contracts and their pros and cons.
Spread out your contracts by using both types of futures contracts. Quarterly coin-margined contracts are best for long-term traders because they have no funding costs and give the best returns when the market is going up.
Active traders can trade all USD-margined futures contracts with a single settlement currency, so they don’t have to switch to other cryptocurrencies. Active traders can use a single settlement currency to trade all futures contracts backed by the US dollar.