Binance Futures Trade at Record High of $2.62 Trillion in August

Binance reached a new monthly record for its futures trading volume this past August, hitting a staggering $2.626 trillion. This surpassed July’s $2.552 trillion and signifies the platform has seen significant growth driven by both retail and institutional traders. 📈 📈 📈 Analysts attribute this surge to increased volatility in Bitcoin, particularly sharp gains followed by rapid corrections, making it an attractive environment for short-term speculators. Additionally, institutional investors like hedge funds returned, taking long and short positions based on stable ETF momentum and rising market confidence. 🚀 💼 💰