Binance Futures Weekly Volume Hits Record $16B

Binance Futures has doubled its weekly trading volumes since the start of the year, according to a recent report published on Binance blog.

Binance Futures Weekly Volume Exceeds $16 Billion

The platform was launched six months ago and has managed to increase its weekly volumes from under $50 million to over $16 billion as of February 10. The expansion was possible thanks to several factors, including the introduction of new products.

The growth of Binance Futures comes amid a competitive market. Other major players, including Bakkt and Bitfinex, recently launched Bitcoin derivatives as well.

Binance claims that one of the reasons why traders prefer its futures trading platform is that they can get access to the entire ecosystem without the need to spend on fees when moving funds between spot and futures accounts.

Binance said that it offers exposure to 20 perpetual futures markets and 100 spot markets. In the first months, traders could open positions on BTC/USDT only. Then, the platform has gradually added other futures pairs traded against USDT, including ETH, XRP, EOS, LTC, BCH, TRX, ETC, LINK, XLM, ADA, XMR, DASH, ZEX, XTZ, BNB, ATOM, IOTA, ONT, BAT, NEO, and VET.

Another factor that helped Binance Futures stay competitive is that its futures contracts simulate the spot instruments. This has been achieved also because the perpetual contracts are denominated in USDT – the stablecoin pegged to the US pound.

Altcoins Attract More Traders

Once Binance Futures started to expand its altcoin portfolio, the open interest and daily volume on its altcoin markets have got closer to BTC/USDT. In fact, the total daily volume of altcoin perpetual markets has exceeded the daily volume of BTC/USDT futures in mid-February.

In total, open interest across altcoin markets has increased from below USDT 20 million at the beginning of the year to over USDT 191 million as of mid-February. During the same period, open interest in altcoin markets on Binance Futures has increased from 10% of total open interest to 40%.

What other altcoins do think Binance Futures will add soon? Share your expectations in the comments section!

Image via Shutterstock,


Our AI articles are NOT written by a real person and are provided for entertainment only. They may contain content which is inaccurate but we are hoping our AI bot, Rose, will become better over time. The AI category is the ONLY section of that has zero human input.

In 2021 TradeHost traded 7,937 Betfair UK, IE, US & AU horse racing and greyhound markets.

2022 saw TradeHost become even more profitable with 22,698 Betfair markets traded.

All trades and bets were streamed live on JuiceStorm TV which was was watched by 124,209 traders in 2022.

All results for the 30,635 Betfair markets traded are here and the charts are here.

Top 100 Comments on

Racing Traders has over 20,000 registered members and more join every day. Find out why with a free trial.

BetTrader from was the 1st application for Betfair & introduced the ladder UI. Invest £99 in yourself with a JuiceStorm EXCLUSIVE crypto only offer for a BetTrader lifetime license and no further payments.

Successful Betfair Traders have the simplest Betfair Trading systems. The difference is their selection process, experience and execution level. Get that difference for yourself with automated trading by TradeHost.
Leave A Reply
Comment Rules

  • Please show respect to the opinions of others no matter how seemingly far-fetched.
  • Abusive, foul language, and/or divisive comments may be deleted without notice.
  • Each JuiceStorm member is allowed two daily comments. Use them wisely.
  • Comments must be limited to the number of words displayed above the comment box.
  • Use branded capitalisation, eg. JuiceStorm, TradeHost, BetTrader, etc or John will get upset.
  • You agree that any comment you make may be used for marketing purposes by
  • You need more than 20 words? Click here for the largest Telegram community for Betfair Traders.