The trading volume on the cryptocurrency derivatives platform Binance Futures has reached $ 1 trillion since the beginning of 2020.
According to CryptoCompare, in August 2020, the trading volume on the platform increased by 74% ($ 184.6 billion) compared to the previous month.
Binance Futures has the highest daily trading volume for Bitcoin futures, according to CoinMarketCap.
We now have 90 products across four product lines, to meet user demand for greater diversification. Binance Futures offers a wide selection of altcoin products, including Coin-margined and USDT-margined futures, options, and our innovative Binance Leveraged Tokens. Altcoins account for about 40% of our volume,” said Aaron Gong, VP of Binance Futures.
Market research shows that the platform’s trading volumes in both the first and second quarters of 2020 exceeded $ 2 trillion. At the same time, in the second quarter, this figure increased by 165% compared to the same period in 2019, indicating an acceleration in global crypto derivatives trading.
Binance Futures previously launched quarterly BTCUSD futures contracts with leverage up to 125x.