Derivatives Market Subdued after April’s Crypto Market Swoon

In April 2024, the share of the total market trading volume made up of derivatives products decreased. This decrease, accompanied by lower futures premiums on exchanges like Binance and Deribit, reflects investors’ declining interest in derivatives. This monthly roundup of the derivatives market will consider some of the reasons for this decline. Geopolitical tensions between Iran and Israel have significantly influenced the market and led to major liquidation events in April, along with macro and crypto-specific factors.