The daily trading volume of the Binance Bitcoin Futures has exploded in the last few days, literally, and reaching a new record high. The trading volume was this Saturday at 2.5 billion USD – and it looks like volumes like this could soon be the norm on the Future platform. Binance is our Rock in the Surf?
Contents
Binance Bitcoin Futures explode and reach a record level
Two weeks ago it went gave reason to the friends as the news media portals that the Binance Bitcoin Futures achieved a daily trading volume of US $ 700 million, a new record high. Considering the achieved volumes of almost 2.5 billion USD, you have to smile at the sum of 700 million dollars, almost.
Binance futures – new record on saturday – north of $2bln going through pic.twitter.com/IfUE4naoyC— skew (@skew_markets) October 28, 2019
Even if the daily trading volume corrected since the record high of 2.5 billion US Dollar back down a bit, it was in the past few days, however, between 1 – 1.5 billion dollars a day. It seems so, as if would keep up the current volumes to be stable above the old record high of two weeks ago. This is a very bullishes characters and confirmed that the Binance Bitcoin Futures platform is well placed Momentum to build and keep this. So it seems reasonable to assume that values on the order of 2 billion US-Dollar will strengthen in the next few weeks.If you are looking for the reasons for the Boom in the Binance Bitcoin Futures, is call the rise of the BTC itself. Because the rocket-like Explosion with 42% in one day made for an increased volume of trade and motivated not a few traders to speculate on rising or falling exchange rates and prices. Binance was here now, obviously, one of the great profiteers and seems to have a new Cash Cow to be found.Next Level – Binance Futures with up to 125x Leverage.Register now at Binance and start trading on the world’s largest exchange for trading crypto-currencies. You have to make use of the possibility of Binance Futures and this is even with a huge 125cc lever. Now on Binance sign up.
Bakkt as well profiteer of the Bitcoin rally
However, not only the Binance Bitcoin Futures to be excited about the Bitcoin price rally and the associated increase in the volume of trade. The physically covered Futures Exchange Bakkt is ‘on fire’ and was very pleased in the last few days about a new All-Time Highs in trading volume. Thus, the Trading volume of 2.4 million doubled to 4.8 million US dollars on the day.Of course, you can compare the volumes of Binance Bitcoin Futures and Bakkt in any way, since the underlying platforms are different designed. Binance is focused primarily on private clients and professional traders. This is also the lack of physical coverage of the Future underlines the contracts. Bakkt however, with a physically secured Bitcoin Futures to institutional investors.The increase in trading volumes on both Exchanges is definitely good news and shows increased interest. The presumption is confirmed once again: the price increases, and also increases the interest.The Binance Bitcoin Futures are booming. Do you believe in a continuing Trend or a One-Hit Wonder ends? Have you tried the platform? Come in to our Telegram Chat and talk with the experts and the Community. Subscribe to our News channel to not miss any News. (Image Source: Shutterstock)