In an interview with CryptoGlobe at the recent Delta Summit in Malta, Binance’s managing director Erick Zhang has revealed the monthly trading volume of Binance futures is now over $300 million.
The figure is significant as he made it clear it’s at one-third of the trading volume of Binance’s spot cryptocurrency exchange has per daily – around $1 billion. What's more, the Binance Futures platform was only launched last month.
During the interview he noted there’s a huge market for institutional investors in the space, and added:
That's why we also introduced our futures product, the volume has been pretty big. It's one third of our spot market volume already - $300 million.
Regarding Binance’s role and future in the cryptocurrency space, Zhang noted that it’s helping users get access to a variety of services and is starting to become a “one stop shop” for cryptocurrencies. Read More...