Futures contracts decline as trade volume plummets by $10 Billion in 24hrs

quick take

• Futures volume is defined as the total volume (in USD value) traded on a futures contract in the last 24 hours and is essential to understanding the dynamics of Bitcoin buying in both the spot and derivatives markets.
• Futures trading volume continues to decline, reaching the second lowest level of the year at 767,000 BTC in futures contracts, or about $20 billion.
• In the last 24 hours, futures trading volume has fallen by about $10 billion, with most of the deals closing on Binance.
• Binance holds the majority of futures trading volume contracts (around 66%), but its overall share is steadily declining.

The article first appeared on CryptoSlate after trading volumes plummeted by $10 billion in 24 hours and futures contracts fell.