ETH trading volumes are growing faster than BTC trading volumes

According to the block analyst Larry Cermak, recently the volume of trading in ether, including futures and options, is growing significantly faster than the same indicator of bitcoin.

Larry Cermak notes that the popularity of trading in pairs with ETH may be a result of the significant growth of the decentralized Finance industry, which is built mainly on the Ethereum network.

If you look at the data of the futures market, now the volume of trading with bitcoin is twice the volume of trading with ether. At the same time, in September 2019, trading in pairs with ETH was only 16% of the figure in pairs with BTC. A similar growth is noticeable in the futures market — if in September 2019, the volume of trading in ether futures was 8% of the volume of trading in bitcoin futures, now they have increased to 29%.

According to the analyst, the increase in trading volumes with the second cryptocurrency may be a signal of continued growth in the price of ether. At the same time, Cermak reminds, the market capitalization of ETH is still five times less than the capitalization of BTC.