Bitcoin Futures Show $134 Mln Trade Volume in One Hour on Binance

Libra Coin News
Fri, 10/11/2019 - 10:30
Yuri Molchan
A Binance team member spreads the word on Twitter that the volume of BTC futures trade on the digital platform has reached 16,000 Bitcoin in just one hour
Cover image via www.123rf.com

A Binance team member has reported that the trading volume of BTC futures on this platform has reached an astounding figure of 16,000 Bitcoin (that’s around $134 mln) in just one hour. This makes Binance a platform with the fourth biggest volume in this line of crypto trading.

The Binance executive recalls that it has been almost a month since the platform kicked off its BTC futures trading (13 September). Now, it is competing with Bakkt and BitMEX in this area of crypto trading.

Not long ago, the Binance futures platform faced a malicious attack. However, later it proved to be an accident and CZ of Binance took to his Twitter account to calm traders down, as was reported by U.Today.

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In its report, Binance has called the weak BTC futures release on Bakkt one of actual reasons for the recent crypto market collapse, when Bitcoin dropped over $1,000 within a few hours.

However, the Binance team remains optimistic about its Bakkt rival.

Do you think Binance will manage to overcome BitMEX in the field of Bitcoin futures trading? Feel free to tell us in the comments below!

About the author

Yuri is a journalist interested in technology and technical innovations. He has been in crypto since 2017. Believes that blockchain and cryptocurrencies have a potential to transform the world in the future. ‘Hodls’ cryptocurrencies. Has written for several crypto media. Currently is a news writer at U.Today.