Summary
- Binance's altcoin perpetual futures trading volume has reached its highest level since February.
- On this day, the daily altcoin futures trading volume was $100.7 billion, accounting for 71% of the total Binance futures trading volume.
- The surge in altcoin trading volume suggests a recovery of market interest and a return of individual investors.
The altcoin perpetual futures trading volume on the global cryptocurrency exchange Binance has reached its highest level since last February.
On the 22nd (local time), Martun, a contributor to CryptoQuant, reported in a statement, "The daily altcoin futures trading volume on Binance recorded $100.7 billion," adding, "This is the highest level since February 3rd (local time)." He further stated, "This accounts for 71% of the total Binance futures trading volume."
In particular, it was mentioned that the surge in altcoin trading volume suggests a recovery of market interest. The report noted, "Binance is the exchange most preferred by individual investors," and added, "The sharp increase in altcoin trading volume indicates that individuals are returning to the market."
Son Min
sonmin@bloomingbit.ioHello I’m Son Min, a journalist at BloomingBit
![[Analysis] "XRP risks repeating the 2022 rout…most short-term investors in the red"](https://media.bloomingbit.io/PROD/news/845f37bb-29b4-4bc5-9e10-8cafe305a92f.webp?w=250)
![[Exclusive] “Airdrops also taxable”... Authorities to adopt a ‘comprehensive approach’ to virtual assets](https://media.bloomingbit.io/PROD/news/4bde9dab-09bd-4214-a61e-f6dbf5aacdfb.webp?w=250)