Crypto derivatives activity slumps to late-2023 levels, but US perp market opportunity emerges
The Block·
60-second summary
Crypto derivatives activity is currently experiencing a significant slump, with volumes plummeting to levels seen in late 2023, as investors remain cautious in the market. The composition of this reduced volume remains heavily concentrated among a handful of exchanges, with Binance maintaining its dominant share, holding around 70% of the market, amidst a broader industry downturn.
The composition of that volume remains heavily concentrated among a handful of exchanges, with Binance maintaining its dominant share.