The combined trading volume of bitcoin (BTC) and ether (ETH) alternatives increased 443% in 2021, according to The Block Research.
In outright numbers, the combined trading volume of bitcoin and ether alternatives was over $387 billion in 2021, based upon information since December 27. Last bitcoin, ether and year alternatives saw a combined trading volume of over $71 billion.
Deribit is the marketplace leader for both bitcoin and ether alternatives trading markets, having a huge share of over 90% since December 27.
In addition to bitcoin and ether alternatives, bitcoin and ether futures likewise saw a record trading volume in 2021. Their combined trading volume rose over $32 trillion in 2021 compared to over $7 trillion in 2020, representing a huge development of 338%.
