Binance futures trading volume hits highest in six months

Amid recent rapid price fluctuations in the cryptocurrency market, including Bitcoin, Binance's futures trading volume hit a six-month high in July.
On the 5th (local time), CryptoQuant analyst JA Marlton
Maartun said, "Binance's futures trading volume reached a total of $2.55 trillion in July, up from January.
"July saw rapid price movements in both Bitcoin and altcoins, which led to a surge in trading volumes," he said.
This reflects the overall boom in the derivatives market, with both institutional and retail traders actively participating again.
This coincides with the time when the market capitalization of crypto assets hit a record high of $4 trillion, before falling back slightly at the end of July. Marten said, "As prices break through, user trading activity has increased.
"This is an indicator that activity is picking up again," he said. Besides Binance, Bybit and OKX also had investments of $929 billion and $1.09 trillion, respectively.
While the cryptocurrency showed strength by recording dollar-sized derivatives trading volumes, Binance maintained its overwhelming lead, accounting for the majority of trading volume among major exchanges.
Currently offering 568 trading pairs, it is the number one global derivatives exchange with the most liquidity and assets.
According to CoinGecko, Binance's daily trading volume is currently at the $82 billion level, and on July 18th, daily trading volume reached 1
It topped $34 billion, hitting a four-month high.