Derivatives Market Propels Exchanges to $2T Trade Volume in Q2

Derivatives Market Propels Exchanges to $2T Trade Volume in Q2

Cryptocurrency derivatives trading exceeded $2 trillion in Q2 of 2020 alone – a 2.6% increase from the previous quarter, and a 165% increase from the Rise in number of airports across the world drives the growth of the global air traffic control market. Asia-Pacific accounted for the largest share in 2019 and is estimated to maintain its dominant position throughout the forecast period. Robinhood saw 4.3 million daily average revenue trades in June, more than all of the major incumbent brokerage firms.


Cryptocurrency derivatives trading exceeded $2 trillion in Q2 of 2020 alone – a 2.6% increase from the previous quarter, and a 165% increase from the previous year. According to the latest data from TokenInsight, new business strategies by emerging exchanges such as Bingbon, XBG, HBTC and Phemex could push that figure even higher in the second half of 2020.

Derivatives trading still only amounts to around 27% of the volume witnessed on traditional spot trading markets. However, spot trading volume saw an 18% decrease from the previous quarter, and a 25% decrease from the same period in 2019, while the derivatives market continues to swell.

The majority of the derivatives trading currently takes place on the “big five” cryptocurrency exchanges. Huobi proved to be the most popular venue for derivatives, recording $433.4B volume in Q2 alone. Following close behind was Binance with $336.1B, OKEx at $243.2B, BitMex with $203.4B, and Bybit with $105B.

While market giants continue to dominate for the time being, emerging exchanges are carving out their own space at the table by adopting unique business strategies. Among those is Bingbon, which recorded over $30B worth of derivatives trading volume in Q2. This can be attributed to Bingbon’s compliant utilization of Circle’s USDC stablecoin in the Southeast Asian market, and the introduction of the exchange’s Copy Trading feature.

Copy Trading allows inexperienced traders to emulate more successful traders by mirroring the trades they make. Bingbon users can browse the site’s most consistently successful traders, sorting them by win rate, profitability percentage, and trading style. Social trading features such as these may become more common in the future, as exchanges attempt to ease the onboarding process for new users.

Other emerging exchanges have implemented business strategies intended to make themselves stand apart from the competition. ZBG exchange’s focus on user education saw the site’s visitor numbers hit 2.5 million, while the average time spent by each user on the site averaged 15 minutes. ZBG recorded over $30 billion worth of derivatives volume in Q2, suggesting its plan to “upskill” its users may be paying off.

Likewise, HBTC exchange seeks to differentiate itself by buying back units of its HBC coin from users of its platform. This effectively gives HBTC users a share in the exchange’s profits. Meanwhile, Phemex exchange is the first to introduce membership-based spot trading, where members are not required to pay transaction fees. This is thought to be a ploy to attract large-value traders who would benefit the most from the eradication of typical trading fees.

Such unique differentiating factors are helping to elevate these emerging exchanges amid a very competitive marketplace. At the same time, the lack of uniformity across such exchanges suggests more intensified competition will take place in the near future. When all exchanges eventually offer the same platter of features, according to TokenInsight, the “competitive landscape will be broken again.”

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Thomas Delahunty


Author: Thomas Delahunty

Air Traffic Control (ATC) Market Size Worth $11.50 Billion by 2027: Allied Market Research

Air Traffic Control (ATC) Market Size Worth $11.50 Billion by 2027: Allied Market Research

Portland, OR, Aug. 10, 2020 (GLOBE NEWSWIRE) — As per the report published by Allied Market Research, the global air traffic control market generated $8.41 billion in 2019, and is estimated to reach $11.50 billion by 2027, registering a CAGR of 4.1% from 2020 to 2027. The report offers an extensive analysis of changing market dynamics, key winning strategies, business performance, major segments, and competitive scenarios.

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Growing number of airports across the globe and surge in need of enhanced airspace management systems drive the growth of the global air traffic control market. However, high cost of installation of ATC systems is anticipated to restrain the growth of the market. Furthermore, growing adoption of satellite-based ATC systems is expected to create new growth opportunities for the market player during the forecast period.

Covid-19 scenario:

  • The construction of new airports across the globe has been halted amid lockdown, which declined the demand for ATC systems.
  • Air traffic control systems manufacturers across the globe have temporarily suspended their manufacturing activities due to disrupted supply of components amid lockdown.
  • Several countries have grounded their international and domestic flights and have closed their air traffic control facilities due to rising cases of Covid-19 patients among the airport personnel.

Get detailed COVID-19 impact analysis on the ATC Market Request Here!

The report offers detailed segmentation of the global air traffic control market based on airspace, applications, offerings, airport size, sector, and region.

Based on airspace, the ATCT segment contributed to the largest share in 2019, accounting for more than half of the total share, and is estimated to maintain its dominant position during the forecast period. However, the remote tower segment is estimated to portray the highest CAGR of 7.2% during the forecast period.

Based on application, the surveillance segment accounted for the largest share in 2019, holding more than two-fifths of the total share, and is expected to maintain the largest share throughout the forecast period. However, the automation segment is expected to register the highest CAGR of 6.8% from 2020 to 2027.

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Based on region, Asia-Pacific contributed the highest share, accounting for more than one-third of the global air traffic control market in 2019, and will maintain its dominance throughout the forecast period. However, LAMEA is expected to grow at the highest CAGR of 6.2% from 2020 to 2027.

Leading market players analyzed in the research include BAE Systems, Adacel Technologies Limited, Indra Sistemas SA, Frequentis AG, Northrop Grumman Corporation, Leonardo S.p.A, Saab AB, Raytheon Technologies Corporation, Thales Group, and SkySoft-ATM.

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Allied Market Research (AMR) is a full-service market research and business-consulting wing of Allied Analytics LLP based in Portland, Oregon. Allied Market Research provides global enterprises as well as medium and small businesses with unmatched quality of “Market Research Reports” and “Business Intelligence Solutions.” AMR has a targeted view to provide business insights and consulting to assist its clients to make strategic business decisions and achieve sustainable growth in their respective market domains. AMR offers its services across 11 industry verticals including Life Sciences, Consumer Goods, Materials & Chemicals, Construction & Manufacturing, Food & Beverages, Energy & Power, Semiconductor & Electronics, Automotive & Transportation, ICT & Media, Aerospace & Defense, and BFSI.

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Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined

Robinhood reports more monthly trades than rivals Charles Schwab, E-Trade combined

Robinhood app

Source: Robinhood

Robinhood joined the rest of brokerage industry by publishing monthly trading data on Monday. The start-up trounced them all — at least by one metric.

Robinhood saw 4.3 million daily average revenue trades, or DARTS, in June, the company told CNBC Monday. This is the first time the start-up has shared monthly totals. Robinhood’s debut total was higher than all of the major incumbent brokerage firms, and more than E-Trade and Charles Schwab combined. 

TD Ameritrade saw the next highest monthly total at 3.84 million DARTs, according to the company’s monthly report. Interactive Brokers saw 1.8 million DARTs in June, followed by Charles Schwab and E-Trade at 1.8 million and 1.1 million, respectively. 

So-called DARTs are still a key brokerage industry standard for measuring customer trades, even though they no longer charge commissions. Robinhood’s DARTs in the entire second quarter more than doubled compared to the prior three months, according to the company. All three of its top days based on trading volume, happened in June 2020.

The new disclosures, first reported by Bloomberg, come just days after Robinhood announced it was taking some customer data off of its site. A Robinhood spokesperson told CNBC it would no longer publish the number of clients holding a particular stock because that data was often “misconstrued” and “misunderstood,” and was not representative of how the customer base uses Robinhood. It also plans to restrict access to its API, which had been used by third-party sites like to show retail interest in stocks such as Virgin Galactic and Kodak. 

“When we look at customer behavior over time, many Robinhood customers use a ‘buy and hold’ strategy,” a Robinhood spokesperson said, adding that as customers spend more time on the platform “most of them buy more stocks than they sell.”

Robinhood has had a banner year with 3 million new customer accounts in the beginning of 2020. It also announced the close of a Series F funding round that pushed its valuation to $8.6 billion. Still, Robinhood has had its share of growing pains. For one, the start-up experienced multiple days of outages in March, which it attributed in part to record trading volume and volatility. Robinhood also made it more difficult to get access to its options offering in the wake of a customer’s suicide.

Robinhood is hardly the only trading firm seeing record growth. All of its publicly traded rivals more than doubled their trading volume year over year in the second quarter. TD Ameritrade saw the largest increase in DARTs, at 312% from the comparable quarter last year.


Author: Kate Rooney

Derivatives Market Propels Exchanges to $2T Trade Volume in Q2

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