CandleFocus

Binance Hits Major $100 Trillion Historic Milestone

Binance, the leading crypto exchange, has surpassed $100 trillion in combined spot and derivatives trading volume, solidifying its dominance in the market. OKX, Bybit, Bitget, and HTX follow behind in trading volume. Despite its collapse in 2022, FTX still holds a significant position in trading volume. Bitcoin closed Q3 with a modest gain and market sentiment is optimistic for Q4. The Federal Reserve's interest rate cut has boosted market activity, with Bitcoin's open interest increasing. Altcoins have outperformed U.S. equities, suggesting potential liquidity injections. Meme coins like PEPE and FLOKI have seen impressive gains, while CRV, ATOM, and ARB have underperformed.

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