On Binance, Ethereum trading volume triples Bitcoin’s… Both spot and futures dominate
Minseung Kang
Summary
- Ethereum (ETH)'s spot trading volume on Binance has significantly outpaced that of Bitcoin (BTC).
- In the past 24 hours, ETH/USDT and ETH/FDUSD recorded $3.2 billion and $1.957 billion in trading volume, respectively, marking top rankings on the platform.
- In the perpetual futures market as well, ETH/USDT trading reached $28.1 billion—about three times that of BTC/USDT ($9.71 billion).
On the global cryptocurrency exchange Binance, Ethereum (ETH) has recorded trading volumes that far surpass Bitcoin (BTC).
According to the crypto-focused media outlet BlockBeats on the 9th, in the past 24 hours, ETH/USDT spot trading volume on Binance reached $3.2 billion, ranking first on the platform. ETH/FDUSD trading volume also totaled $1.957 billion, ranking third. Over the same period, BTC/FDUSD traded $1.772 billion, and BTC/USDT traded $1.091 billion.
In the perpetual futures market, ETH/USDT volume was $28.1 billion, about three times that of BTC/USDT ($9.71 billion). ETH/USDC volume also ranked third overall at $5 billion.
Minseung Kang
minriver@bloomingbit.ioBlockchain journalist | Writer of Trade Now & Altcoin Now, must-read content for investors.
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