Altcoins Talks - Cryptocurrency Forum
Cryptocurrency Ecosystem => Crypto Exchanges => Binance => Topic started by: Tanimariya on April 04, 2021, 02:47:40 PM
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Binance's crypto derivatives platform sees record open interest as retail participation grows.
Binance’s crypto derivatives platform Binance Futures continues to soar in popularity as more and retail customers add fuel to the bull run.
Open interest on the derivatives platform hit a record high of over $10 billion on Saturday, amounting to year-on-year growth of nearly 3,900%, according to data source CoinGecko.
The spike in open interest or the value of derivative contracts traded but not settled with offsetting positions reflects an increased inflow of money into the market.
Source Link (https://www.coindesk.com/binances-crypto-derivatives-platform-sees-record-open-interest-of-10b)