WorldCoinIndex Derivatives Report 2020 – Week 36

The last week has brought considerable volatility to the cryptocurrency market. A quick analysis of historical prices has shown that such levels of volatility have not occurred for months. Luckily, at press time, cryptocurrency prices seem to be in a recovery phase which is likely to continue over the next few days.

In the case of bitcoin, a price peak of $12,035 was reported this week, whereas its lowest price was of $10,079. Thus, we’re talking about a $2,000 price difference over a few days. At this moment, the world’s favourite cryptocurrency is trading at $10,509.

The total cryptocurrency market cap is currently reported at $345.97 billion.

ETH is currently trading at $400, XRP at $0.25, LTC at $51.38, EOS at $3.07, Tron at $0.039, and BCH at $235.


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 from $44.87B to $60.38B. Keep in mind that an abrupt fall was registered two weeks ago; thereby, crypto derivatives enthusiasts worldwide are happy that trading volumes are finally reaching better values.


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

  • The options trading volume has mostly doubled, thus reaching a value of $331.26M;

  • The futures trading volume has increased from $10.21B to $12.51B;

  • The perpetuals trading volume has also risen from $23.49B to $47.53, which is certainly a considerable jump.


A quick look into the current open interest rates

At this point in time, the total aggregated open interest volume is situated at $7.14B, which is slightly lower when compared to last week’s values. A $1 billion decrease has now been recorded two weeks in a row.


This makes sense given the fact that numerous derivatives contracts have expired, as August has just ended.

From a category standpoint, perpetuals report an open interest of $3.43B, followed by $2.02B for futures, and $1.68B for options.


Relevant crypto derivatives developments

  • A new derivatives instrument allows users to speculate the solvency of Tether, by either betting in favour or against it;
  • Short-term crypto derivatives are being launched by SBI Holdings, a Japanese financial giant;
  • CFTC approves LedgerX as a means for settling non-crypto derivatives – experts think that crypto derivatives may soon benefit from the same treatment;




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.