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Binance reports 60% market share in SpaceX perpetual futures ($SPCXUSDT)
Binance reported holding over 60% of the market share for SpaceX perpetual futures ($SPCXUSDT), with a 24-hour trading volume of $5.6 billion as of June 13 and a cumulative volume exceeding $9.0 billion across both Pre-IPO and post-listing periods.
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Binance announced that it holds over 60% of the market share for trading SpaceX perpetual futures ($SPCXUSDT). According to the broker, this contract is now its second-most traded product globally.
The reported 24-hour trading volume for $SPCXUSDT was $5.6 billion as of June 13, and cumulative trading volume across both the Pre-IPO and post-listing phases has surpassed $9.0 billion. No additional details about the product or the underlying methodology were disclosed in the post.
Binance is a major cryptocurrency exchange based in Hong Kong, noted for high trading volumes, substantial liquidity, and a large number of active users. The platform offers low commission rates, a proprietary BNB Coin for reduced fees, and a cold wallet feature for crypto asset storage, but it also has a complex verification process, lacks regulatory licensing, and some users report technical challenges. For further details, see the full broker profile on Traders Union: full review on Traders Union.
In our earlier news about Binance, we reported on the broker's charitable commitment of up to ₱4 million to support earthquake-affected communities in Mindanao. For more details, see our previous Binance update on Traders Union.
This material may contain third-party opinions, none of the data and information on this webpage constitutes investment advice according to our Disclaimer. While we adhere to strict Editorial Integrity, this post may contain references to products from our partners.
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