London-based crypto data platform CryptoCompare stated that crypto derivative contracts have experienced a rise for the first time in 4 months.
According to the news of Reuters, CryptoCompare was launched in July 2022. 3.17 trillion stated that dollar contracts changed hands, compared to June. 13.4% announced an increase. However, the company said its spot trading volume continued to decline.
Coinbase’s Nasdaq-listed product COIN, which is one of the most used investments for institutional investors to establish a crypto connection, also has a spot trade volume. decreased by 12.8% to $51.5 billion is stated.
“Leveraged products”, which are riskier than spot trading, are considered by many market commentators. speculatively is seen.
The Merge update that will take place on Ethereum is thought to increase the interest in cryptocurrencies and therefore an increase in derivatives markets. The report also states that the derivative market, not the spot market, is in prices. greater impact That’s why this month’s rise took place is suggested.
However, according to the report, both spot and derivatives market volume exceeded lower than the previous year watching.
CrpytoCompare shows that the volume in BTC/USDT is compared to the previous month. 31.5%BTC / BUSD parity compared to the previous month 80.2% He said it has increased.