Institutional investors' interest in cryptocurrencies increased in 2020.
As reported by Decrypt, Binance is experiencing a dramatic increase in corporate customer volumes on the spot side. In the first quarter of 2020, volumes rose more than twice, with an increase of 113 percent compared to the previous quarter. In addition, the stock market reported that they received a faster corporate registration. A Binance official said, "The number of new corporate customers joining in the first quarter of 2020 is 47.4 percent more than in the fourth quarter of 2019." says. The stock exchange currently works with over 3000 corporate customers.
There is a similar increase in Huobi. Spot volumes on the corporate side rose by 133.71 percent in this stock market. Huobi states that as of the first quarter of 2020, it reached a volume of $ 101.1 billion in corporate transactions. The average quarterly trading volume in 2019 was $ 43.2 billion.
On the derivative side, Binance states that corporate customer volumes are booming. This figure increased by 217 percent compared to the previous period. Huobi said that the volume of corporate transactions in the derivatives market was $ 343.8 billion in the first quarter of 2020. Compared to the average quarterly trading volume of 2019, $ 126.7 billion, there is an increase of 171.16 percent.
The figures in CME were slightly less, but the increase was remarkable. Offering futures and options products to institutional investors, the stock market announced that in May 2020, an average daily increase of 24 percent was observed compared to the previous year. Moreover, the average daily volumes, according to CME, reached 8716 contracts in May, which is equal to 44 thousand BTC. Compared to April, there is a 50 percent increase.