The crypto futures trading market has seen a significant boost in the last 24 hours, with the trading volume skyrocketing to a staggering $140 billion. According to data from CryptoRank.io, Binance is leading the way in the Bitcoin and Ethereum markets, with the highest daily futures trading volumes.
BTC Futures Volumes Reach $90.7 Billion
At present, BTC futures volumes in the last 24 hours stand at an impressive $90.7 billion. Binance is dominating the market, with 24-hour BTC futures and perpetual contracts volumes reaching $43.77 billion on the platform. The BTC futures and perpetual contracts open interest on Binance are currently at $3.46 billion.
Other notable players in the market include Bybit, with 24h BTC futures and perpetual contracts volumes of $12.76 billion, MEXC Global with $3.18 billion, Deribit with $1.50 billion, and Huobi with $1.06 billion. BitMEX recorded $843 million worth of futures, with bitFlyer L at $428.99 million, Kraken with $78.45 million, and AscendEX at $10.82 million.
ETH Futures Volumes Stand at $48.3 Billion
ETH futures volumes are also on the rise, with 24h ETH futures volumes at $48.3 billion at present. Binance is leading the way in this market as well, with 24-hour ETH futures and perpetual contracts volumes reaching $17.26 billion. Additionally, Cryptorank observed ETH futures and perpetual contracts open interest on Binance at $1.67 billion.
Bybit, MEXC Global, and Deribit are also contributing significantly to the ETH futures trading market. Bybit recorded 24h ETH futures and perpetual contracts volumes of $3.81 billion, MEXC Global with $1.56 billion, and Deribit with $793.2 million. Meanwhile, Huobi, BitMEX, and Kraken recorded $513.78 million, $174.46 million, and $25.06 million worth of ETH futures, respectively.
Open Interest Futures Figures for BTC and ETH
The BTC futures and perpetual contracts open interest on Bybit stood at $1.64 billion, with Deribit recording $638.33 million. BitMEX, Huobi, MEXC Global, and Kraken recorded open interest futures worth $183.77 million, $109.8 million, $59.92 million, and $33.25 million, respectively. Lastly, AscendEX stood at $527 million.
ETH futures and perpetual contracts open interest on Bybit, Deribit, and BitMEX stand at $842 million, $566 million, and $192 million, respectively, according to Cryptorank. Additionally, Huobi, Kraken, and MEXC Global recorded open interest futures worth $49.17 million, $11.48 million, and $6.48 million, respectively.
The Rising Popularity of Crypto Futures Trading
The surge in crypto futures trading volumes can be attributed to the increasing popularity of cryptocurrency among investors. The market has been gaining traction in recent years, with more and more traders turning to futures trading as a way to invest in cryptocurrencies.
The crypto futures trading market has seen a significant boost in the last 24 hours, with Binance leading the way in BTC and ETH markets. As the popularity of cryptocurrency continues to grow, we can expect to see more activity in the futures trading market in the coming years.