Binance Futures trading volume since the start of the year reaches $1 trillion

Trading volume on the cryptocurrency derivatives platform Binance Futures since the start of 2020 has reached $1 trillion.

According to CryptoCompare, in August 2020 the trading volume on the platform rose by 74% ($184.6 billion) compared with the previous month.

Binance Futures has the highest daily trading volume for Bitcoin futures, according to CoinGecko and CoinMarketCap.

“Binance Futures offers users 90 investment products, including perpetual futures with Coin- and USDT-margin, options and leveraged tokens,” said Aaron Gong, Vice President of Binance Futures.

Market research shows that the platform’s trading volumes in both the first and second quarters of 2020 exceeded $2 trillion. In the second quarter, this figure rose by 165% compared with the same period in 2019. This points to rapid growth in global cryptocurrency derivatives trading, the company noted.

Binance Futures began operations in September 2019. On its anniversary, the platform hosts a trading tournament that will award up to $1.6 million in BNB tokens. Details here.

Earlier, Binance Futures launched quarterly BTCUSD futures contracts with up to 125x leverage.

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