KuCoin Surges Amid Crypto Derivatives Market Slowdown
The global crypto derivatives market experienced a modest slowdown in February, according to CoinDesk Data's latest Exchange Review.
Derivatives trading volumes declined by 2.41% to $4.11 trillion in February, marking the lowest monthly level since October 2024.
This decrease in activity coincided with relatively low market volatility, as most major digital assets traded within narrow price ranges throughout the month.
However, despite softer derivatives volumes across exchanges, the derivatives segment continued to dominate the crypto trading landscape, accounting for 73.2% of total market volume in February.
KuCoin ranked among top exchanges in market share growth during the month, with a 0.20% increase in derivatives market share, according to CoinDesk Data.