Just two weeks ago, Binance Futures reported $700 million in daily volumes, which was a record for the platform. But on 26th October, the platform reported the daily volume of close to $2.5 billion, which is more than three times its previous record. However, the daily volume dipped the next day, but it still managed to collect $1.5 billion. Binance Futures completed its first month on 13th October.
Binance futures – new record on saturday – north of $2bln going through pic.twitter.com/IfUE4naoyC
— skew (@skew_markets) October 28, 2019
It is expected that the platform will once again cross the $2 billion mark in the coming days. The massive spike in the daily volumes is likely due to bitcoin’s recent rise, as the price went from around $7,400 to above $9,500 in a very short time.
Bakkt exchange is also gaining a positive momentum even though the numbers are not close to as of Binance Futures, but it has gained a lot in the last few weeks. The increasing daily volume clearly indicates that the interest of people in bitcoin is growing.
Today we set a new daily record of 1,179 Bakkt Bitcoin Futures contracts traded
— Bakkt (@Bakkt) October 25, 2019