Binance Daily Futures Trading Volume Exceeded Half a Billion US Dollars
According to the information provided, the platform achieved a turnover of 19,253 BTC for the first 24 hours of work. This value increased by almost 400% and now is 69 158 BTC ($570 million) after a short period of time. That is, Binance Futures volume exceeded the daily turnover of the original Binance.com in a trading pair BTC / USDT in the early days.
The total daily trading volume for the popular regulated exchanges is only 84 million US dollars, for comparison.
Many futures traders are also using our industry-leading spot market for hedging or conducting arbitrage trades. We have seen increased activities from these traders transferring in and out from spot to futures during volatile periods. The liquid and ease to use spot market, as well as the simple process to transfer capital between spot and futures, provides our customers with the most efficient manner to trade both markets.
Earlier we wrote that CME will not Issue Physically-Settled Bitcoin Futures.