Binance Futures announces USD1tn in trading volume YTD
Binance's cryptocurrency derivatives platform has transacted USD1 trillion in year-to-date volume. Binance Futures started a year ago in September 2019, and has rapidly grown into a market leader.
“The story of Binance becoming the world’s largest crypto exchange through our spot trading volume in our first year is one that we strived hard for. We are grateful that our Futures exchange has also been well-received by our users. We applied what worked for us in spot trading with Futures, ensuring platform stability, product innovation, excellent user-friendly interface and user support. We will continue to provide the community with the most engaging experience. User-centricity remains at the core across the entire Binance ecosystem,” says Changpeng Zhao (CZ), Founder and CEO of Binance.
Binance Futures saw a month-on-month increase of 74 per cent in August (USD184.6 billion in volume), according to third-party data aggregator CryptoCompare. Binance also holds the highest daily bitcoin futures trading volume according to CoinGecko and CoinMarketCap.
“We took Binance’s user-first creed to heart and built a robust foundation to support the community’s growth. We invested in an unparalleled matching engine that has proven itself time and again, and we focused our initial development in our first product to ensure we get it right. 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 per cent of our volume,” says Aaron Gong, VP of Binance Futures.