The post TRUMP Derivatives Surge to $51 Billion Trading Volume, Challenging Top Exchanges appeared on BitcoinEthereumNews.com.

According to data from Coinglass, the launch of TRUMP derivatives on January 19th has garnered significant attention, achieving a total trading volume of approximately $51.006 billion within just 24 hours. This surge positions it as the second highest trading volume across the network during that period. Furthermore, the contract open interest stood at $1.801 billion, indicating robust market interest. The leading centralized exchanges (CEXs) by contract open interest include Binance at $490 million, followed closely by Bybit with $418 million, and Bitget at $404 million. The significant figures reflect growing investor engagement in cryptocurrency derivatives, highlighting the increasing complexity and competitiveness of the crypto trading landscape. Source: https://en.coinotag.com/breakingnews/trump-derivatives-surge-to-51-billion-trading-volume-challenging-top-exchanges/

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Filed under: News - @ January 19, 2025 1:24 pm