Binance’s futures trading volume reached a record high in August, exceeding $2.62 billion. This represents the highest monthly volume for the exchange this year and underscores Binance’s continued dominance in the crypto derivatives market. 📈 The surge is likely driven by factors like increased market volatility, new product offerings, and improved liquidity, attracting traders seeking a wide range of futures pairs, low fees, and robust trading infrastructure. The data suggests institutional activity and short-term trading strategies have also contributed to the growth in volume. Binance will be looking to maintain this momentum as we head into the final quarter of 2024.