Binance reported a futures trading volume of 2.55 trillion USD, marking its highest since January. This increase reflects heightened trading activity following notable price movements in Bitcoin.
With over 50% market share in crypto derivatives, Binance remains the leader. Other exchanges like Bybit and OKX reported 929 billion USD and 1.09 trillion USD in trading volumes respectively.
The Open Interest for Bitcoin futures stands at around 79 billion USD, down from its peak of 88 billion USD. This suggests a potential correction in the market as traders react to leverage levels.
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