Crypto derivatives trading sees significant increase as institutional interest in the space grows

CryptoCompare's November review showed a significant interest in crypto derivatives trading.

While regulated bitcoin futures and options on CME are up 35.2 percent since last month, more volume was traded on crypto exchanges, with OKEx reporting a total monthly derivatives volume of $91.5 billion.

Derivatives trading becoming more and more popular both among institutional and retail investors.

According to data from CryptoCompare, crypto derivatives products are becoming more and more popular both among institutional investors and traders.

Regulated bitcoin derivatives products began gaining traction, with CME's total trading volumes up more than 35 percent, jumping from $3.12 billion in October to $4.22 billion last month.

The market seems to love trading Bitcoin derivatives.

While boasting a significant increase, trading volumes on regulated derivatives exchanges are way behind volumes seen by crypto exchanges.

OKEx's volume, which decreased less than 0.5 percent was followed by Huobi, whose $89.5 billion trading volume increased 10.5 percent since last month.

Chart showing the daily trading volume for derivatives products by exchange.

In average daily trading volumes for Bitcoin futures, BitMEX, Binance, and BitFlyer traded a daily average of $1.26Bn, $1.07Bn and $760Mn respectively.