Binance Acquired 3rd Rank in Bitcoin Futures Exchanges
Binance exchange was launched in 2017 and becomes the number one Cryptocurrency exchange by trading volume. Malta based Cryptocurrency exchange Binance has recently made its debut in Bitcoin Futures Contracts market. .
Binance futures contracts exchange gets a lot of attention in the few weeks and binance future exchange become the thirds biggest futures exchange by trading volume.
Cryptocurrency data provider firm Skew tweeted on 16 October that Binance futures trading volume exceed $700 million On 15 October.
The CEO of Binance, Changpeng Zhao (CZ) announced that Binance is launching two futures contract exchange testnet (Futures A and Futures B) in early September.
The first place is acquired by Bitmex exchange with more than $2 billion daily trading volume. Huobi gets on the second place with daily trading volume of around $1 billion.
Binance able to attract enough users that push the exchange in top 3 futures exchanges by trading volume. The daily trading volume of Binance is $800 million on 16 October.
Binance has already beat the futures exchange like Deribit, Bybit. Still Binance has a long way to beat Bitmex the king of futures exchanges. Binance futures exchange gets huge volumes in just a single month because of their low trading fees and a spot liquid spot.
It is very intresting to watch the battle of the two exchanges. Bitmex is the king of futures trading and Binance is the number one choice for bitcoin and altcoin trading.
