In 2020, the scale of the crypto futures market grows rapidly, and the annual market trading volume reaches $12,314B. At the same time, the market-wide open interest rises from $3.51B to $17.03B at the end of the year, an increase of 384.9%. Based on the annual data from 43 crypto exchanges, Tokeninsight finds that the leading crypto exchanges are paying more and more attention to futures and achieved coverage of mainstream crypto futures (such as coin-margined futures and USDT-margined futures) this year. On the other hand, the perpetual contracts' proportion in the crypto futures market increases from 39% in 2020Q1 to 84% in 2020Q4, which is significant. In addition, in 2020Q3, affected by the rise of DeFi, the market share of BTC futures has dropped significantly. In 2020 Q4, when the market is bulling, BTC futures' trading volume accounts for only about 63% of the total trading volume.
APP
