Binance Reveals Record Futures Market Activity and Announces Balancer Listing Cryptocurrency exchange Binance today released a report on activity on its derivatives platform in July, noting a significant increase in trader interest.

Binance Reports Record Futures Market Activity and Announces Balancer Listing

Cryptocurrency exchange Binance today released a report on activity on its derivatives platform in July, noting a significant increase in trader interest.

The trading volume of the Binance Futures platform in this segment increased by 25% from $ 87.6 billion to $ 109.4 billion.On July 28, a record trading volume for one day was recorded above $ 13 billion.

In addition, there was an increase in open interest or the volume of active positions from 580 million to 900 million USDT. This value has also become a record. During the month, 8 derivative contracts were added to the platform, bringing their total number to 42.

Separately, the exchange highlighted an increase in activity on the Ethereum market. In July, the price of the cryptocurrency rose from $ 230 to $ 340, and in August it renewed annual highs above $ 400. "Two factors are driving a strong rally in Ether: Decentralized Finance (DeFi) and the Ethereum 2.0 upgrade," said the company's analysts..

Binance also announced today the listing of the Balancer DeFi Token (BAL). It will become available for trading in BAL / BNB, BAL / BTC and BAL / BUSD at 17:00 Moscow time. Against the background of this announcement, the BAL rate jumped from $ 10 to a peak of $ 18 and is trading around $ 15 at the time of publication.

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