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Binance Saw A Record High Of $10 Billion Open Interest on Its Futures Platform

Mary Liu

Summary: CoinGecko's data shows that the open position of the Binance Futures, the derivatives platform from Binance, reached a record high of over $10 billion on Saturday, an increase of nearly 3,900% year-on-year.  Binance Futures was launched in September 2019 and is the largest Bitcoin futures exchange in terms of the trading volume. According to data ...

CoinGecko's data shows that the open position of the Binance Futures, the derivatives platform from Binance, reached a record high of over $10 billion on Saturday, an increase of nearly 3,900% year-on-year. 

Binance Futures was launched in September 2019 and is the largest Bitcoin futures exchange in terms of the trading volume. According to data from the crypto derivatives research platform Skew, Bitcoin futures on Binance contributed $4.33 billion, accounting for 18.44% of the global transaction volume of $2.348 billion.

By Mary Liu

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