The weekend trading volumes in traditional asset-based futures were soared by an unprecedented surge, said Binance CEO Richard Teng at the weekend. Teng via X reported that weekend trading volume in the exchange’s perpetual contracts tied to traditional financial assets increased by about 300 percent between January and March, according to data shared by his company.
A major increase was one of the biggest in the weekend of February 28 – March 1 – it said, adding ‘One of these most notable increases happened over the week of January 28,. At this time, the total trading volume for these products was $8. 1 billion – 1billion. Teng said this boom reflects “more investor demand for access to traditional markets even on weekends” as it comes with the growth of investors, Ten G said.
Binance’s products allow users to easily access price movements of traditional assets such as stocks, 24/7. Hence, this allows investors to trade even after closed financial markets.
This development “increases the competition between derivative products offered by crypto exchanges and traditional finance” while also boosting liquidity in the markets, experts said. Meanwhile, this trend – that is signalling a change in investor behavior – suggests that financial markets are becoming increasingly seamless and global structure.
Using assessments by Richard Teng, Crypto sites do not only offer the internet assets but also provide an alternative payment system to conventional financial products.
*This is not investment advice.
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