• Press Releases
    • Submit a press release
    • Read All
  • Advertise
  • Contact us
Crypto.com Logo Crypto.com Logo
Bitcoinist.com
No Result
View All Result
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews
Bitcoinist.com
No Result
View All Result
Binance bitcoin futures sets surprising record
Nexo

Bitcoin Futures Flash Bullish As Binance Sets $700 Million Daily Record

Anja van Oosterhout by Anja van Oosterhout
3 years ago
in News, Bitcoin, Bitcoin Businesses, Bitcoin Education, News teaser
0
Advertisement

Cryptocurrency exchange Binance surprised analysts this week after its Bitcoin futures set an unlikely trading record.


Binance Bucks Negative Market Mood

According to data from market analyst Skew on October 15, Binance’s BTCUSD product traded over $700 million on Tuesday alone.

5 BTC + 300 Free Spins for new players & 15 BTC + 35.000 Free Spins every month, only at mBitcasino. Play Now!

The figure marks a new record for the exchange, which debuted its futures last month. Its timing, however, was what raised eyebrows among commentators. 

Bitcoin futures chart skew markets
Bitcoin futures chart

As various resources show, overall Bitcoin trading has hit uninspiringly low levels in October. Among them were other Bitcoin futures offerings. Bakkt, which also launched in September, conversely traded just 10 BTC in the 24 hours to press time. 

An identical pattern is repeating across consumer Bitcoin exchanges. Peer-to-peer platform Localbitcoins, for example, saw just $41 million change hands in the seven days ending October 12.

BitStarz Player Lands $2,459,124 Record Win! Could you be next big winner?
Get 110 USDT Futures Bonus for FREE!

That number marks the platform’s weakest performance since May 2018, and like other data tracks Bitcoin price performance. 

As Bitcoinist reported, Bitcoin’s downward trajectory has continued for several months, sideways performance punctuated with sudden losses. 

What is the best crypto casino in July 2022? Read our comprehensive comparison! We made deposits, played and reviewed 80+ crypto casinos to choose the best one.

Shortly after the Binance and Bakkt futures launch, BTC/USD shed 20% in hours to fall to around $8000, something from which the pair has yet to recover. 

Institutions Still Keen on Bitcoin

Later, fresh data painted a grim picture of cryptocurrency market appeal among institutional investors. Press mentions had fallen to 2019 lows, it suggested, with the implication that broader interest among institutions had also waned. 

Only Grayscale, the world’s largest cryptocurrency asset manager, bucked the negative sentiment. In an interview, a senior executive said that contrary to popular opinion, demand had remained steady throughout this year. 

In addition, around 25% of new capital inflows were coming into altcoin markets, underscoring belief that cryptocurrency assets remained a lucrative opportunity. 

Binance meanwhile continues to branch out into various financial spheres beyond its traditional exchange business. 

This week, it released a dedicated exchange-traded product (ETP) for its in-house token, Binance Coin [coin_price coin=binance coin]. A partnership with Swiss startup Amun, the ETP is already trading on the largest Swiss stock exchange, SIX.

As Skew noted, the futures product is now the third-largest by volume in the industry, just behind Huobi and BitMEX. 

What do you think about Binance’s Bitcoin futures volume? Let us know in the comments below!


Images via Shutterstock, chart by Skew markets

ShareTweetShareShare

Sign Up for Our Newsletter!

For updates and exclusive offers enter your email.

I consent to my submitted data being collected and stored.
Anja van Oosterhout

Anja van Oosterhout

Related Posts

bitcoin and stocks

Is the Bitcoin Stock Market Correlation Finally Ending?

10 hours ago
Bitcoin

Bitcoin Is Now Accepted In This Popular Resort In The Maldives

14 hours ago
Anthony Scaramucci

Here’s Why Scaramucci Expects Bitcoin Price To Reach $300,000 Before 2030

2 days ago
liquidations

Liquidations Cross $280 Million After Bitcoin Price Falls Below $25,000

2 days ago
Bitcoin

Bitcoin Will Beat Gold As Store Of Value, MicroStrategy CEO Says

3 days ago
Crypto Corner: The Sports Slice

Crypto Corner: The Sports Slice

3 days ago

Bitcoin news portal providing breaking news, guides, price analysis about decentralized digital money & blockchain technology.

Bitcoin

  • News
  • Price
  • Businesses
  • Acceptance
  • Technology
  • Investment
  • Regulation
  • Reviews

Altcoins

  • News
  • Price
  • Ethereum
  • Ripple
  • Litecoin
  • EOS
  • NAGA

Categories

  • Blockchain
  • Security
  • FinTech
  • Technology
  • Trending
  • Breaking News
  • Press Releases
  • How to

Pages

  • Contact us
  • Editorial Policy
  • Advertise
  • Crypto Prices from Nomics
© 2022 Bitcoinist.com. All Rights Reserved.
  • Bitcoin
    • News
    • Price
    • Businesses
    • Acceptance
    • Technology
    • Investment
    • Regulation
    • Reviews
    • All Bitcoin News
  • Altcoins
    • News
    • Price
    • Ethereum
    • Ripple
    • Litecoin
    • EOS
    • NAGA
    • All Altcoin News
  • Tech
    • Blockchain
    • Security
    • FinTech
  • Industry
    • Press releases
  • Price
    • Bitcoin Price
    • Ethereum Price
    • Litecoin Price
    • Binance Coin Price
    • Monero Price
    • MimbleWimbleCoin Price
  • How to
    • Buy gift cards/mobile Top Ups with Cryptos
    • What Is Bitcoin?
    • Best Bitcoin Wallet
    • Bitcoin vs Ethereum
    • Why Use Blockchain Technology?
    • Bitcoin Cash ABC vs. Bitcoin Cash SV
    • How to Buy Cryptocurrency
    • Bitcoin Mining
    • Best Bitcoin Brokers
    • Best Bitcoin Forex Brokers
    • How To Earn Bitcoin
    • What is Facebook Libra?
    • Ripple and XRP: The Complete Guide
    • Bitcoin Casinos – Where, What and How to Play
  • Play Games
  • BET&WIN
  • Bitcoin Casino Reviews

© 2021 Bitcoinist. All Rights Reserved.

This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy Center or Cookie Policy.