Binance Futures Reports $1 Trillion in Crypto Derivatives Trading Volume

Binance Futures, a crypto derivatives exchange, is reporting $1 trillion in trading volume – year to date. Binance Futures started a year ago in September 2019 and claims title as the market leader.

Binance Futures is part of Binance – the world’s largest digital asset exchange. Binance Futures allows experienced individuals to trade crypto futures contracts with up to 125x leverage. Binance Futures leverages a “NASDAQ level” matching engine to process orders with minimal latency (avg. 5ms at 100,000 orders per second).

Zhao ChangpengChangpeng Zhao (CZ), founder and CEO of Binance, commented on the announcement:

“The story of Binance becoming the world’s largest crypto exchange through our spot trading volume in our first year is one that we strived hard for. We are grateful that our Futures exchange has also been well-received by our users. We applied what worked for us in spot trading with Futures, ensuring platform stability, product innovation, excellent user-friendly interface and user support. We will continue to provide the community with the most engaging experience. User-centricity remains at the core across the entire Binance ecosystem.”

Binance Futures reports that it saw a month-on-month increase of 74% in August ($184.6 billion in volume), according to CryptoCompare. Binance also holds the highest daily Bitcoin futures trading volume according to CoinGecko and CoinMarketCap.

Aaron Gong, VP of Binance Futures, explained they built an unparalleled matching engine that has proven itself time and again:

“We now have 90 products across four product lines, to meet user demand for greater diversification. Binance Futures offers a wide selection of altcoin products, including coin-margined and USDT-margined futures, options, and our innovative Binance Leveraged Tokens. Altcoins account for about 40% of our volume.”

Binancy states that market research shows Q1 2020 and Q2 2020 both exceeded $2 trillion in volume each, with Q2 2020 volumes increasing 165% YoY over Q2 2019, indicating an acceleration in global crypto derivatives trading.

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