The trading volume of perpetual contracts #XAUT set a record of 6.40 billion USD on #Binance

The trading pair of perpetual contracts XAUT just reached a level of 6.40 billion USD in one day, the highest figure since its listing. This result makes XAUT the fifth largest asset by trading volume in derivatives on the Binance exchange. Data from CryptoQuant confirms this spike in user trading activity.

The immediate impact is that cash flow is strongly concentrated in gold-backed derivatives instruments in the market #CRYPTO.