Binance’s BTC futures break record

Posted 16 October, 2019

The analytical portal sk3w (skew) published data that Binance set a new daily record of $700 million in terms of trading bitcoin futures. The maximum performance was recorded on October 15th. 

''Binance just had a record volume day for its newly launched BTCUSDT futures product: $700mln+ traded on the 15th'' - tweeted sk3w.

Thus, Binance is the second-largest platform for trading bitcoin derivatives, second only to BitMEX. Moreover, the trading volume of $700 million is a new high for Binance Futures, which just a few days ago noted an increase in volume of up to $500 million. As for BitMEX, in recent months, the exchange cannot boast of an increase in trading volume.

This week, the head of Binance Futures, Aaron Gong, published a report on the first 30 days of the trading platform. He stated the indisputable advantages of using Binance Futures, including a low commission for trading, the highest liquidity and a fast order matching engine. 

It also became known that the cryptocurrency Binance Coin will be added to the Swiss Stock Exchange. 

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