For the third month in a row, derivative transactions increased as the cryptocurrency exchange continued to rise.

The cryptocurrency segment continues to recover from the losses of 2022. As we enter 2023, the rises and developments in the segment continue.

Crypto Derivatives Volume Increases for the Third Consecutive Year in 2023

A published report noted an increase in spot DEXs offering derivatives trading. CCDatacrypto derivatives trading volumes on both centralized and decentralized exchanges have risen for the third month in a row.

This rise was recorded as the third monthly rise since January 2022. According to the data, derivatives processes accounted for about 74 percent of the total crypto market volume of about $ 4 trillion last month. While the majority of derivatives trading took place on centralized exchanges (CEX), $ 68.7 billion was traded on decentralized exchanges (DEX). In addition to these dYdX 62.6 percent of the shares.

In its report, CCData stated:

According to CCData, as traders realize the potential of spot DEXs to derivatives DEXs, they are moving their processes to these platforms.