Binance oil futures take off on debut, posting $1.1 billion in volume

Source
Uk Jin

Summary

  • Binance recently launched oil futures products, and reported that large-scale trading volume was generated from the first day of listing.
  • It said the perpetual oil futures listed on Binance recorded trading volume of more than $1 billion.
  • It said this ranks No. 3 and No. 4 among traditional financial asset trading volumes on Binance, while gold and silver hold the top two spots.

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Binance, a cryptocurrency exchange, recently launched oil futures products, and the debut day saw a surge in trading volume.

According to Wu Blockchain on the 3rd (Korea time), the perpetual oil futures listed on Binance recorded trading volume of more than $1 billion. West Texas Intermediate (WTI) logged $760 million in volume, while Brent (BZ) posted $358 million.

That ranks as the No. 3 and No. 4 volumes among traditional financial assets traded on Binance.

Gold and silver occupy the top two spots. On the same day, gold and silver recorded a combined trading volume of $5.58 billion.

Uk Jin

Uk Jin

wook9629@bloomingbit.ioH3LLO, World! I am Uk Jin.
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