Binance Futures Volume Surges 8x Above Bitcoin Spot Trading
Visit this link to make money with cryptos with our Expert trading team and get a chance to win Free bitcoin and other cryptocurrencies – https://telegram.me/btctradingclub Binance saw a record divergence between daily spot and futures trading volumes, with the latter reaching nearly $58 billion. Bitcoin (BTC) derivatives trading volumes are now nearly eight times higher than spot markets on Binance. Bitcoin daily spot trading volumes on Binance are diverging from futures more than ever. Spot demand has declined in recent months, while futures demand is still net positive, per data from CryptoQuant. Options traders are hedging for downside in September after months of rangebound BTC price action. Binance sees record split in Bitcoin spot vs. futures trading Data from onchain analytics platform CryptoQuant released on Friday reveals record readings for Bitcoin futures-to-spot trading volume ratios. The ratio now stands at 7.82, meaning that futures vol...