Binance’s cryptocurrency derivatives platform Binance Futures started to attract record levels of interest as individual investors’ participation increased.
Binance’s cryptocurrency derivatives platform, Binance Futures, started to attract record levels of interest as individual investors’ participation increased.
Binance Futures continues to grow in popularity as more and more individual traders join the bull rally.
According to the data shared by Coingecko, the open interest rate on the derivatives platform has reached a record high of over $ 10 billion today, resulting in a growth of approximately 3900%.
The increase in open interest or the increase in the value of derivative contracts bought and sold reflects increased money inflows into the market that were not settled by offsetting positions.
According to some analysts, Binance exchange is synonymous with individual traders. Jan Happel and Jann Allemann, founders of blockchain analytics firm Glassnode, stated in their February 26 newsletter that the number of sign-ups for Binance increased compared to the US-based Coinbase exchange, as evidence of increased individual participation.
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