Binance’s July Trading Report Showcases Futures Contract Trading

Binance’s July Trading Report Showcases Futures Contract Trading

Binance, the largest cryptocurrency exchange worldwide, update their followers on the state of the market in July, including the fact that the top 10 performing coin futures contracts on Binance gained at least 45%.

Binance has released their monthly trading report to their users with a lot of very positive news. The first key takeaway that Binance makes sure to highlight is that the top 10 performing futures contracts gained a minimum of 45%. Futures contracts on Binance have so far received very positive reviews and will most likely continue to grow in the future. On top of the high performing futures contracts, Binance has also added 16 new derivative contract products on their exchange, raising the total to 43 future contract financial products and 8 leveraged tokens.

Another impressive statistic is that the trading volume on Binance’s futures contracts increased 25% month of month from $87.6 billion to $109.4 billion. Binance also broke their all time trading record on futures contracts with over $13 billion in daily trading volume on July 28th. Riding on the backbone of Ethereum (according to Binance), the upgrade to ETH 2.0 and the growing legitimacy of DeFi may have spurred this growth.

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