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Crypto derivatives activity slumps, US market opportunity
The Block·
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.
Tags
crypto
fintech
Original Source
The Block — theblock.co