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Currency security Q2 spot and futures trading volume fell below

Date:2024-06-06 19:00:13 Channel:Exchange Read:

In Q2, the spot and futures trading volume of currency security surprisingly fell below 60%, which attracted widespread attention in the market. However, despite this, trading institutions are still optimistic about currency security and believe that there are huge opportunities in it. Let's take a deeper look at the reasons behind this phenomenon and the future development trend.

From the data, the sharp decline in the spot and futures trading volume of currency security is indeed worrying. This phenomenon may be affected by many factors, such as increased global economic uncertainty, declining market demand, and political factors. However, it is in this difficult time that trading institutions have shown amazing resilience and optimism. They believe that opportunities are hidden in challenges, and currency security, as an important asset, still has the value of long-term investment.

In the current market environment, currency security trading institutions not only need to face the challenge of declining trading volume, but also need to deal with multiple pressures such as market volatility and policy risks. However, it is in these challenges that trading institutions have demonstrated their strength and resilience. By continuously optimizing trading strategies and strengthening risk management, they strive to cope with market changes and maintain confidence and optimism in currency security.

Despite the decline in currency security trading volume, trading institutions are still optimistic about its prospects. They believe that as the global economy gradually recovers, the value of currency security will be better reflected. At the same time, with the continuous advancement of technology and innovation in the financial market, currency security trading institutions will also usher in more development opportunities. Therefore, despite the current challenges, trading institutions are full of confidence in the future of currency security.

In summary, although the spot and futures trading volume of currency security has fallen below 60%, trading institutions are still optimistic about it. They believe that there are opportunities in challenges, and currency security, as an important asset, still has the value of long-term investment. By continuously optimizing strategies and strengthening risk management, trading institutions have worked hard to cope with market changes and have shown amazing resilience and optimism. In the future, with the recovery of the global economy and the advancement of technology, currency security trading institutions will also usher in more development opportunities. Therefore, despite the current challenges, currency security is still an investment area worth looking forward to. Currency security, challenges and opportunities coexist, let us look forward to future development together.

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Binance INTL
OKX INTL
Gate.io INTL
Huobi INTL
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China Line APP DL China Line APP DL
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China Line APP DL

Note: The above exchange logo is the official website registration link, and the text is the APP download link.


According to the second quarter report of the data platform DefiLlama and Kaiko, the spot and futures trading volumes in the second quarter both fell below 60%, and the capital outflow in June reached 4 billion US dollars. The futures market share of various exchanges also increased dramatically month by month. However, trading institutions believe that Binance will still be the focus of market liquidity.

Binance Recent Situation

Binance outflowed nearly 4 billion US dollars in June

According to DefiLlama, Binance's asset outflow in the past 30 days was nearly 4 billion US dollars, which is more than twice that of May (1.563 billion US dollars) and the worst performance since December last year.

Spot trading volume market share fell to 53% in the second quarter

Including regulatory pressure caused by SEC and CFTC lawsuits, the end of spot fee discounts and other factors, Kaiko's second quarter report pointed out that Binance's spot trading volume fell from 64% to 53%, and since Binance launched zero transaction fee discounts for multiple Bitcoin spot trading pairs in July 2022, trading volume has fallen by 70%.

However, the trading volume of exchanges including Coinbase, Kraken, OKX and others also fell by more than 50% in the second quarter, and the overall trading activity showed a state of shrinkage.

Binance futures market share fell below 60%

Binance futures market share rose significantly after FTX declared bankruptcy and reorganization. It was about 66% at the beginning of the year, but has now dropped to 56.7%.

At the same time, the futures market share of various exchanges has increased dramatically month by month.

Trading institutions: Binance is still the focus of liquidity

Binance has been entangled in lawsuits since the first half of the year, and its expansion in Europe has also encountered regulatory issues such as difficulty in obtaining licenses. In addition, there are compliant exchanges DEX launched by Wall Street giants such as Citadel, Fidelity, and Schwab. Many traditional financial institutions are also rushing to attack Bitcoin spot ETFs. Binance seems to be facing a situation of being surrounded by enemies.

But despite this, Binance is still huge, with a daily trading volume of more than US$8.2 billion and an asset size of more than US$60 billion.

DLNews quoted institutional traders as saying: Investors will continue to make markets on Binance, and Binance is still the focus of liquidity, because liquidity attracts liquidity.

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