- Binance futures product rises to become the third most traded product after Huobi and BitMEX products.
- The newly launched Bakkt continues to record low volumes having traded only $81,000 on October 15.
Binance futures are the only winners in this lethargic market. The exchange’s relatively product has continued blasting new records since its launch. Report by Skew, a cryptocurrency data provider shows that demand for the Bitcoin future product on the Malt-based exchange is immense.
Skew’s data shows that the volume of Bitcoin futures on the exchange hit a record high on October 15. Over $700 million was exchange in just 24 hours.
While Binance is exceeding expectations with the futures product other futures platforms like CME Group and Bakkt continue to see dwindling volumes. Bakkt only managed to trade $81,000 in the same 24-hour period. BTC/USD futures product on Binance is now the third most traded product behinf Huobi and BitMEX products.
Information on these pages contains forward-looking statements that involve risks and uncertainties. Markets and instruments profiled on this page are for informational purposes only and should not in any way come across as a recommendation to buy or sell in these assets. You should do your own thorough research before making any investment decisions. FXStreet does not in any way guarantee that this information is free from mistakes, errors, or material misstatements. It also does not guarantee that this information is of a timely nature. Investing in Open Markets involves a great deal of risk, including the loss of all or a portion of your investment, as well as emotional distress. All risks, losses and costs associated with investing, including total loss of principal, are your responsibility. The views and opinions expressed in this article are those of the authors and do not necessarily reflect the official policy or position of FXStreet nor its advertisers. The author will not be held responsible for information that is found at the end of links posted on this page.
If not otherwise explicitly mentioned in the body of the article, at the time of writing, the author has no position in any stock mentioned in this article and no business relationship with any company mentioned. The author has not received compensation for writing this article, other than from FXStreet.
FXStreet and the author do not provide personalized recommendations. The author makes no representations as to the accuracy, completeness, or suitability of this information. FXStreet and the author will not be liable for any errors, omissions or any losses, injuries or damages arising from this information and its display or use. Errors and omissions excepted.
The author and FXStreet are not registered investment advisors and nothing in this article is intended to be investment advice.