WorldCoinIndex Derivatives Report 2020 – Week 28

Over the last 7 days, the cryptocurrency market has felt a slight degree of volatility, but all around, the values have remained mostly the same. With this in mind, in the case of bitcoin, a price peak of $9,500 was reported this week, yet the value then decreased to an average of $9,200. The total cryptocurrency market cap is currently reported at $269.11 billion.

At press time, bitcoin is trading at $9,181, almost $100 higher when compared to the value recorded last week, at this time. ETH is currently trading at $238, XRP at $0.197, LTC at $44.17, EOS at $2.61, ETC at $6.39, and BCH at $237.


Weekly derivatives summary analysis

Here’s a quick preview of the main events that have occurred on the cryptocurrency derivatives market.

First off, the crypto derivatives aggregated volume has increased quite a bit when compared to the values recorded 7 days ago. As such, a volume of $17.21B is recorded at press time, on the rise when compared to last week’s $14.59B.

Here’s a brief look at trading volumes by derivatives category:

The options trading volume is situated at $121.4M, higher than last week’s $115.43M.

The futures trading volume has increased considerably from $3.82B to $4.31B.

The perpetuals trading volume has had a very impressive surge, from $10.66B to $12.79B.


While these are not the highest values ever recorded, they do showcase that institutional and independent investors are once again interested in the cryptocurrency derivatives market. In our previous piece, we talked about how derivatives might further encourage mass-adoption, through a constant rise in popularity for these alternative investment instruments.


A quick look into the current open interest rates

The OI values have slightly increased in comparison to last week. Based on this, WCI reports showcase a crypto derivatives aggregated open interest value of $5.85B, higher than last week’s $5.27B – however, the difference is minimal.

From a category standpoint, perpetuals report an OI of $2.95B, followed by $1.77B for futures, and $1.12B for options.


Relevant cryptocurrency exchange derivatives data

Cryptocurrency exchange usage has remained similar to past values. With this in mind, Huobi ranks first in perpetuals with a 7d volume of $19.30B.

In terms of futures trading, OKEX ranks first with a 7d volume of $10.05B, whereas Deribit holds the 1st spot for options trading, with a weekly volume of $383.58M.


Other crypto derivative developments

Report indicate that the primary US-based derivatives regulator will go ahead and focus on drafting a more inclusive regulatory framework that will also focus on an inclusive regulation of crypto-based derivatives.




Risk Disclaimer

This article includes information about cryptocurrencies, derivatives and other financial instruments. Both cryptocurrencies and derivatives are complex instruments and trading digital assets involve significant risk and can result in the loss of your invested capital. All data and information is provided “as is” for personal informational purposes only, and is not intended for trading purposes or advice. Please consult your broker or financial representative to verify pricing before executing any trade.