Binance is increasingly taking over the futures market 🔥

The open interest in perpetual contracts for BTC and ETH on centralized exchanges has already reached about $30 billion, according to CryptoQuant.

And the main movement right now is indeed on Binance:

-for $BTC in one day, an increase of about $829 million (even outpacing other exchanges)

-for $ETH it's really strong - +$1.6 billion

What does this mean? When the market starts to accelerate, traders flock to where it is more convenient and safer to trade.

And Binance is currently winning due to liquidity, depth, and proper order execution.

Simply put - where the money is, there is movement 👀 #binance #furures

BTC

67,177.89

+0.43%

ETH

2,037

+1.29%