Skew data: Binance and FTX's total bitcoin futures volume will exceed $ 1 billion

Encrypted data analysis provider Skew pointed out that the cooperation between Binance and FTX will bring the total futures trading volume of both parties to more than $ 1 billion. Binance Bitcoin futures market trading volume has reached a record high of 2.5 billion U.S. dollars, while FTX at the end of September in the Bitcoin futures market trading volume reached 750 million U.S. dollars. In Skew's view, the most shocking thing about these numbers is that the futures markets of these companies "do not even exist at the beginning of the year." "Now, in terms of order depth, these two exchanges are ranked second and third among most liquidity exchanges." According to previous news from Odaily Planet Daily, Binance announced that it has completed its strategic investment in FTX. FTX Token (FTT) has been launched, and FTT / BNB, FTT / BTC, FTT / USDT trading pairs have been opened. Binance stated that the listing fee for FTT was 0 BNB. Binance has obtained a portion of FTT tokens from its investment in FTX. Most of these FTT lock-up periods are two years.