Leading cryptocurrency exchange OKEx was the main cryptocurrency exchange in September, with total trading of $ 90,3 billion. Huobi followed suit, trading $ 84 billion.
According to " Exchange Overview »CryptoCompare for September 2019 The crypto trading platform accounted for 33,7% of daily derivatives volumes, trading $ 3,08 billion per day. OKEx was backed by Huobi with $ 2,82 billion a day, followed by BitMEX with $ 1,88 billion.
Cryptocurrency exchanges such as Deribit and CryptoFacilities, regulated by the FCA, reached only 334 million dollars and 74 million dollars per day, respectively.
The report notes that BitMEX's perpetual BTC futures contract was the top-selling derivative by trading volume, with total trading volume for the month at $ 41,7 billion. The other top-selling products were BTC futures contracts, which expire on September 27, with Huobi's contract valued at $ 23,3 billion, while at OKEx trading $ 17,4 billion.
OKEx's advantage over cryptocurrency derivatives is likely supply-side. There are various futures contracts on the cryptocurrency exchange - not only for BTC, but also for other top cryptocurrencies, such as BCH, BSV, EOS, XRP and TRX.
Likewise, the cryptocurrency exchange, which earlier announced this year to develop global compliance standards for cryptocurrency exchanges through a self-regulatory organization (SRO), is offering perpetual swaps for these cryptocurrencies.
As CryptoGlobe reported, CryptoCompare's August report found similar results when it came to OKEx. Despite the market-wide decline in the derivatives trading market, the cryptocurrency exchange managed to capture more than a third of the market in August.
The September 2019 CryptoCompare exchange review also showed that lower-rated cryptocurrency exchanges – in line with with ratings of exchange tests – win market share in terms of spot volumes.
E-rated exchanges reported total trading volume of $ 179 billion in September, after an increase of more than 30% from the previous month. Exchanges such as OKEx, which received an A rating, represented a smaller piece of the pie, with only 14,3% market share.
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