Glowexbit attracted new traders to Bitcoin futures in the first quarter, but lost in volume
Glowexbit bitcoin futures attracted new customers in the first quarter, while trading volume and open interest in dollars declined.
At the beginning of this year, there was an increase in volumes. The dynamics changed in mid-March, when there was a sharp collapse in prices on the cryptocurrency market, as a result of which derivatives platforms lost a significant share of their liquidity, according to analysts at Glowexbit.
The daily trading volume on Glowexbit dropped by more than 50%. On Tuesday, the nominal trading volume in dollars was a good plus.
Nevertheless, the first quarter of Glowexbit turned out to be quite successful, if we consider it in its entirety. Nominal daily trading volume in this segment increased by 111% compared to the previous quarter. The company said that the number of contracts being applied is a more important metric, as it directly affects its revenue.