Binance Takes 35 Percent of Open Interest in $2 Billion Growth in Traditional Finance Perpetual Futures
Open interest in traditional finance perpetual futures listed on crypto exchanges more than doubled since May to surpass $2 billion, according to data from CryptoQuant. Binance ranks first, holding roughly 35% of open interest across both traditional finance and crypto perpetual markets on the platform.
The expansion followed a weekend trading spike for tokenized equities, with Binance CEO Richard Teng reporting bStocks volume surpassed $2 billion. The metrics underscore growing demand for continuous markets, indicating digital asset venues are increasingly used for round-the-clock trading of traditional financial products.
From the sources (3 posts)
@cointelegraph🔥 BULLISH: Binance CEO Richard Teng says bStocks surpassed $2B in trading volume over the weekend, highlighting demand for always-on markets.
@wublockchainTradFi Perpetual Open Interest Has Doubled Since May to Over $2 Billion According to CryptoQuant, open interest in traditional finance perpetual futures on crypto exchanges has more than doubled since May, surpassing $2 billion. Binance ra
@cointelegraph⚡️ UPDATE: TradFi perpetual open interest has doubled to over $2 billion since May, with Binance holding roughly 35% of both crypto and TradFi perpetuals open interest, according to a CryptoQuant analyst.