The post Binance Cumulative Spot and Derivatives Volume Surpass $100 Trillion appeared on BitcoinEthereumNews.com.

Binance records over $100T in cumulative spot and derivatives trading volume. OKX ranks second at $24.9 trillion, while Bybit and Bitget rank third and fourth. FTX ranks sixth despite suspending operations and undergoing bankruptcy. Binance has recorded over $100 trillion in cumulative spot and derivatives trading volume, reflecting the capital flowing into the crypto sector and increasing demand for exposure to cryptocurrencies.  At the time of writing, CoinMarketCap data showed that Binance’s total spot trading volume is $12.3 billion, while the exchange’s derivatives trading volume is $43.15 billion. According to CCData, Binance’s cumulative spot and derivatives trading volume has exceeded 100 trillion US dollars, OKX ranks second with 24.9 trillion US dollars, followed by Bybit and Bitget, ranking third and fourth, with 13.2 trillion and 10.9 trillion respectively. HTX ranks… pic.twitter.com/TR6sbApfwp — Wu Blockchain (@WuBlockchain) October 19, 2024 According to an analysis from CCData, OKX ranks second with $24.9 trillion dollars, followed by Bybit and Bitget, ranking third and fourth, with $13.2 trillion and $10.9 trillion, respectively. Meanwhile, HTX (formerly Huobi) ranked fifth in the market with a cumulative volume of $10.2 trillion.  Despite being bankrupt since November 2022, Sam Bankman-Fried’s FTX ranks sixth in terms of cumulative spot and derivatives trading volume. Read also: Binance, KuCoin Request Source of Funds from Indian Users After FIU Registration The data also noted that the best-performing altcoins since October 2023 include meme coins Pepe (PEPE) and FLOKI (FLOKI), which delivered remarkable returns of 1501% and 698%, respectively. Also, Solana (SOL) witnessed 599% in gains. However, CRV, ATOM, and ARB were the worst performers.  As per the data, the assets plummeted to 39%, 32%, and 30%, respectively, since October 14th, 2023.   Crackdown on Binance Earlier, the U.S. authorities cracked down heavily on Binance and its US entity, Binance.US, and since then, the dominance…

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Filed under: News - @ October 19, 2024 2:21 pm