Exchange Review

CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • September 4, 2024

In August, the combined spot and derivatives trading volume on centralised exchanges rose by 5.38% to $5.22tn, marking the second consecutive month of increased trading activity.

Key Takeaways

  • Ether CME volumes dwindle after the first month of spot ETF: Ether futures and options volume on the CME exchange fell 28.7% and 37.0% to $14.8bn and $567mn respectively. This recorded the lowest ETH futures volume on the exchange since December 2023.
  • Significant declines in open interest and amid broader market downturn: In August, the retail derivatives market experienced significant declines in open interest, which fell by 15.7% to $45.8 billion, driven by increased liquidations following concerns over the Japanese Yen carry trade and a downtrend in traditional financial indices.
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Exchange Review

CCData's monthly Exchange Review captures the key developments within the cryptocurrency exchange market. The report includes analyses that relate to exchange volumes, crypto derivatives trading, market segmentation by fees, fiat trading, and more.

  • September 4, 2024

Report Summary

In August, the combined spot and derivatives trading volume on centralised exchanges rose by 5.38% to $5.22tn, marking the second consecutive month of increased trading activity.

Key Takeaways

  • Ether CME volumes dwindle after the first month of spot ETF: Ether futures and options volume on the CME exchange fell 28.7% and 37.0% to $14.8bn and $567mn respectively. This recorded the lowest ETH futures volume on the exchange since December 2023.
  • Significant declines in open interest and amid broader market downturn: In August, the retail derivatives market experienced significant declines in open interest, which fell by 15.7% to $45.8 billion, driven by increased liquidations following concerns over the Japanese Yen carry trade and a downtrend in traditional financial indices.
Download report

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