HomeCryptoCoinGecko introduces a section dedicated to derivatives

CoinGecko introduces a section dedicated to derivatives

The CoinGecko crypto data aggregator has announced the introduction of a new section dedicated to cryptocurrency derivatives. 

This section aggregates data such as futures and perpetual swaps and, according to CoinGecko, is the first of its kind. This provides traders with free access to data on crypto derivatives such as price, interest, financing rates, expiry dates, trading volume and more. 

The new section contains more than 100 derivative products offered by more than 20 exchanges, and the goal is to become the most comprehensive database in the crypto industry. 

Furthermore, more data and parameters will be added in the future, such as those related to options and leveraged tokens, given that CoinGecko foresees a significant growth of this market. 

The market for crypto derivatives is growing so fast that in September 2019 it reached a new all-time high. BitMEX, for example, the most used exchange for crypto derivatives, has recorded a record of almost 9 billion dollars of daily volume. 

CoinGecko argues that these volumes could exceed those of the spot market in the near future, as already happened for example to traditional commodity markets. 

The data from the new section will soon be made available on CoinGecko’s mobile app, and within its API.

CoinGecko’s CEO, TM Lee, said: 

“This year, we have observed strong growth in the crypto derivatives market. Being a leading crypto data aggregator, CoinGecko aims to lead the industry with innovation and we are proud to be the first to launch such a service. We hope to empower traders with more data that they can use to make better-informed decisions. We are excited about the potential growth of crypto derivatives and look forward to further democratizing data access as we continue to commit to the maturation of the digital asset space”.

 

Marco Cavicchioli
Marco Cavicchioli
Born in 1975, Marco has been the first to talk about Bitcoin on YouTube in Italy. He founded ilBitcoin.news and the Facebook group" Bitcoin Italia (open and without scam) ".
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