Binance overshadows Huobi in crypto derivatives trading
Crypto derivatives trading was responsible for 63.4% of the entire crypto market in September as its trading increased by 1.54% month over month to reach $2.71 trillion, according to CryptoComapre data. Changpeng Zho-led Binance accounted for 60.1% of this derivatives trading volume among exchanges in September.
According to the CryptoCompare report, Huobi was the biggest trading platform for derivatives trading, but its numbers have declined by 77% on the year-to-date metric. Its market share has plunged from 34.6% in January 2020 to 0.36% by September 2022. According to the report, the highest daily trading volume was on 13th September, when derivatives exchanges traded $136 billion. Meanwhile, spot trading activities increased by 3% in the same month to $1.56 trillion.
Source
https://t.me/Cash_Blockchain_News
