In the Q1, crypto futures trading grew by more than 300%

by in Cryptocurrency News

Futures

The negotiating amount of crypto futures surpassed $2 trillion in Q1 of 2020.

Opposed to the Q4 of the last year, trade increased by 314%. Analysts emphasize that in 2019, the trend for an increase in activity in the cryptosphere futures market dominated.

A slight decrease in trade was observed in the last quarter, however, from the beginning of 2020, the crypto futures market began to add again. The total market in the first quarter of 2020 was about eight times higher than the figure recorded in the same period last year.

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The mediocre daily trading amount in the cryptosphere futures market reached $23.3 billion in the Q1. This figure added 274% associated with 2019.

The study notes: "We consider that crypto futures already have some characteristics of market signs, and point market members can relate to futures trading volumes to manage their positions."

Analysts additionally drew attention to the fact that with an increase in volatility in the spot market, there is a similar dynamics in the futures market.