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The OKEx exchange has been leading the way for Bitcoin derivatives trading over the past month, as reported by CryptoGlobe. On average, over $1.5 billion worth of derivatives were traded each day on the platform in March.
OKEx's total was over $350 million greater than the second-most popular BTC derivatives trading platform in March, bitFlyer Lightning, which saw around $1.14 billion worth of BTC contracts traded per day on average.
The BitMEX exchange used to lead the way in terms of BTC derivatives trading, but has now been eclipsed by these other exchanges. For the month of March, it saw just $645 million traded per day on average.
As for institutional trading platforms that also deal with fiat currencies, the BTC trading volume was much less. CME, which in conjunction with CBOE recently launched a unsuccessful bid to change SEC rules in order to list a Bitcoin ETF, led the way. It saw an average of just $70.5 million worth of Bitcoin derivatives traded daily in March. However, the recent BTC rally has led to an increase in popularity, and the platform reported an all-time daily record on April 4.
CME Bitcoin futures had a record trading day on April 4, hitting an all-time high volume of over 22.5K contracts (112.7K equivalent bitcoin), surpassing previous record of over 18.3K (64.3K equivalent bitcoin) on February 19. More #Bitcoin futures. $BTC_F https://t.co/kWYK203apA pic.twitter.com/CX5nF8dXyv
— CMEGroup (@CMEGroup) April 5, 2019