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CoinMarketCap(CMC) data shows that as of June 30th, after CMC updated the ranking of the exchange, Huobi Global Station ranked first in derivatives trading volume, with a 24-hour trading volume of about US$ 2.42 billion. At the same time, in the ranking of Bitcoin derivatives exchanges, Huobi Global Station is also the first, with a trading volume of about $65.438+83.8 million.

CMC was criticized in early June because the ranking algorithm updated by the exchange was unreasonable. Later, CMC officials said that spot and derivatives would be distinguished, and a separate page of derivatives exchange would be launched in the future. EWN article analysis believes that this ranking of derivative transactions alone is a major change in the field of encrypted data.

Derivatives trading is catching up with spot trading, and Huobi continues to lead. According to CMC data, the 24-hour trading volume of Bitcoin is about $65.438+05.9 billion, and the trading volume of the top five Bitcoin derivatives exchanges is about $5.5 billion, among which the trading volume of Huobi Global Station is the highest, reaching about $65.438+08.38 billion.

In addition, according to CoinDesk article data, in May 2020, the transaction volume of crypto-asset derivatives increased by 32% compared with April, reaching 602 billion US dollars, surpassing the 600 billion US dollars in March, a record high, among which the fire currency contract led the derivatives trading market with the total transaction volume of 654.38 US dollars+760 million US dollars. This shows that the number of derivatives trading is catching up with the trading volume in the spot market, and more investors choose bitcoin derivatives for trading. It is precisely for this reason that in 2020, the derivatives industry began a new iterative upgrade, on the one hand, the diversification and specialization of derivatives, on the other hand, the trading volume of derivatives showed Matthew effect, and the trading volume of head exchanges surged.

In derivatives trading, leverage is a double-edged sword, which can be used to hedge risks or gain income, and at the same time, it will amplify investment risks. Therefore, when trading derivatives, investors must choose highly liquid exchanges and reasonably designed derivatives to minimize risks.