10 days ago
According to CryptoCompare's July 2020 Exchange Review, the combined spot and derivatives market saw record volumes, with derivatives volumes reaching $3.12 trillion in July. This marks a significant increase from the previous month's $2.35 trillion and is likely due to the continued growth of DeFi protocols and the emergence of yield farming in the crypto space.
Crypto derivatives volumes surged to $3.12 trillion in July.
CryptoCompare reported the surge in crypto derivatives volumes.
The percentage increase in crypto derivatives volumes in July compared to previous months is not provided.
Crypto derivatives are financial instruments whose value is derived from underlying crypto assets such as Bitcoin or Ethereum.
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