Genesis Posts Another Record Derivatives Trading Quarter With Over $20B in Volume

Posted on by American Coins & Gold

Genesis Posts Another Record Derivatives Trading Quarter With Over B in Volume
Digital currency prime broker Genesis Global Trading posted over $20.7 billion in notional value traded for derivatives during the fourth quarter of 2021, up 62% from the previous record of $12.8 billion in Q3. For all of 2021, derivatives notional value traded of $53.8 billion was up 812% from the previous year. Genesis is a subsidiary of Digital Currency Group, which also owns CoinDesk.Spot trading volume of $30.8 billion in Q4 was up 23% from the previous quarter, with full-year volume of $116.5 billion, up 463%.As the Genesis numbers make clear, derivatives trading has been the key driver for boosted…