Binance futures volume hits 6-month high amid Bitcoin volatility
Crypto derivatives volumes surged across major exchanges last month, with Binance leading at $2.55 trillion.
Crypto derivatives trading volumes on the Binance exchange surged to six-month highs in July, signaling increased trading activity and potentially more volatility in the wake of recent market swings.
Binance futures trading volumes hit $2.55 trillion in July, the highest level since January, reported CryptoQuant analyst J.A. Maartun on Tuesday.
“The jump in volume followed a month of sharp price moves in both Bitcoin and altcoins,” he said, referencing crypto’s all-time high market capitalization of $4 trillion that pulled back at the end of July.