Bitcoin Futures trading volume on Binance surpasses spot trading with $582 million

Binance opened its Bitcoin Futures trading on 11 September, making both the contested platforms A and B available for its users. Ever since the launch, Bitcoin Futures have been a hit among BTC traders, reporting a trading volume of almost $170 million in 24 hours, with max leverage. It has been almost a month since the platform went live and Bitcoin Futures have now overtaken Bitcoin’s spot trading volume.

The 24-hour trading volume for Bitcoin on was reported to be 68,239.99 BTC [$582 Million], at press time, while the spot trading volume of Bitcoin on Binance was noted to be $529 million, at press time. The 24-hour trading volume for Bitcoin Futures has been higher for the past couple of days. Binance’s Chief Executive Officer, Changpeng Zhao aka CZ, shared this development with the community on Twitter. CZ said,

'If you haven't noticed, @binance Futures trading volume has been higher than spot (for BTC) for the last few days. This boy's grown up real quick.' Read More...

#BTC #Trading #Binance

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