2020 Cryptocurrency Futures Exchange Industry Report | TokenInsight
2020 Cryptocurrency Futures Exchange Industry Report | TokenInsight

Overview

The scale of the crypto futures market grows rapidly in 2020. The annual market volume exceeds $12,314B, meanwhile the market-wide futures contract open interest rises from $3.51B to $17.03B at the end of the year, an increase of 384.9%. Because of the continuously updating all-time-high of BTC and ETH prices in Q4, the quarterly trading volume of crypto derivatives in 20Q4 reaches $5,350B, an increase of 98.1% compared to Q3, and the quarterly trading volume of futures surpasses spot for the very first time ($4,9980B).

Reviewing the futures market throughout the year, there are two phenomena we have seen. First, the leading exchanges are paying more and more attention to futures contracts. Binance, Huobi, and OKEx have all achieved the mainstream crypto futures contracts (Coin- margined and USDT-margined) this year. The second phenomenon is that the market share of perpetual contracts has increased significantly, from 39% in Q1 to 84% in Q4. …


TokenInsight has recently published the rating report for Bonded Finance,which has received a exchange rating of B with a outlook Stable.

Bonded Finance Rating Report | TokenInsight
Bonded Finance Rating Report | TokenInsight

TokenInsight has recently published the rating report for Linear Finance,which has received a exchange rating of B with a outlook Stable.

Linear Finance Rating Report | TokenInsight
Linear Finance Rating Report | TokenInsight

TokenInsight has recently published the rating report for Hard Protocol,which has received a exchange rating of CCC with a outlook Stable.

Hard Protocol Rating Report | TokenInsight
Hard Protocol Rating Report | TokenInsight

TokenInsight has recently published the rating report for OpenDeFi,which has received a exchange rating of B with a outlook Stable.

OpenDeFi Rating Report | TokenInsight
OpenDeFi Rating Report | TokenInsight

TokenInsight has recently published the rating report for EasyFi Network,which has received a exchange rating of B with a outlook Stable.

EasyFi Network Rating Report | TokenInsight
EasyFi Network Rating Report | TokenInsight

Weekly Market Review:XRP Nearly Halved, But on The Whole, Peace and Joy. | TokenInsight
Weekly Market Review:XRP Nearly Halved, But on The Whole, Peace and Joy. | TokenInsight

The theme of this week’s market is ‘stable’. Because of the Christmas vacation, there are no waves in the crypto market. After Bitcoin‘s price broke through the $20,000 last week, it stabilized at around $23,000 this week, and the price of Ethereum was also stabilized around US$600.

On the whole, the end of the market this year is relatively successful, except for XRP. On Tuesday, the United States Securities and Exchange Commission claimed that it was suing Ripple, for Ripple’s XRP is regarded as a securities asset that has not been registered in SEC, and Ripple faced a fine of $1.3B. …


Weekly Market Review:All-Time High, Don’t Think, Feel. | TokenInsight
Weekly Market Review:All-Time High, Don’t Think, Feel. | TokenInsight

Before Christmas, we witness a new history again.

On EST 8:42:11, Dec. 16, 2020, Bitcoin went over the cliff of $20,000, finally. One small tick for the price, one giant leap for the crypto market.

In this year, we have witnessed so many miracles from crypto markets: Bitcoin jumped up from $5,000 to higher than $20,000, DeFi’s boom started changing the financial ecosystem fundamentally, the crypto options market flourished and matured gradually, and the crypto itself stepped into the hall from the bleak corner and became the new star welcomed by institutions and capital markets. …


Weekly Market Review:A Phoney Silent? | TokenInsight
Weekly Market Review:A Phoney Silent? | TokenInsight

The theme of this week is ‘Silence’. After about 2 months’ prosperity from October, the crypto market steps into doldrums. It seems like investors finally calm down to some extent. Breaking market news doesn’t bump up frequently this week. What worth mentioning is that Singapore is conducting lots of actions to accelerate the layout of its blockchain ecosystem, especially in the field of financial services. No one queries Singaporean vital position in finance, therefore, the crypto market is simmering below the surface seemingly. Let’s look forward to the performance of the crypto market next year.

Trading Volume Shrinks, But the Future is Still Expectable

Unlike the hot stock market, the crypto market is quiet in December this year. Compared with last week, the trading volumes of main cryptos shrink more than a quarter in both the spot market and contracts market, which goes back to the level of October. Although bitcoin’s prices dropped from $19,500 to lower than $18,000 at this period, there is no significant increment of trading from the probable panic. …


DeFi Catches up to Ethereum 2.0’s Pace: Weekly Market Review | TokenInsight
DeFi Catches up to Ethereum 2.0’s Pace: Weekly Market Review | TokenInsight

Markets usually show better performances around the end of the year, especially as good news tends to be released in abundance during this period. Is that really true? This week, to say that the apparent performance of the crypto market supports that this view may seem pretty insightful. Ethereum’s 2.0 Beacon Chain was launched on Dec. 1, while DeFi projects are busy merging: yearn.finance announced five mergers in succession in the past few weeks. We are witnessing the youthful crypto market’s prosperity and maturity.

Fluctuation Doesn’t Stop the Bull Market

Ethereum’s 2.0 Beacon Chain was launched on Tuesday, Dec. 1. As we all know, there is still a long way to go before the vast project finishes its transfer from the original Ethereum to its new residence. The uncertainty of risk caused by this long-term transformation may be the reason for the transitory fall in ETH price and trading volume around the launching time. …

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