Crypto derivatives activity slumps, US market opportunity

Activity in the cryptocurrency derivatives market has fallen to levels not seen since late 2023, indicating a significant downturn in trading volume. Despite this overall slump, a potential opportunity is emerging within the US perpetuals market. This suggests a shift in focus or a niche area showing resilience or growth potential amidst the broader market contraction. The concentration of volume among a few exchanges, with Binance still leading, highlights the ongoing consolidation and dominance within the crypto trading landscape.