Binance Futures Volume Hits Record High of $1 Trillion: Exploring Leverage’s Role in Cryptocurrency Boom

The cryptocurrency derivatives market has experienced a significant surge, with Binance Futures leading the charge. Its April trading volume surpassed $1 trillion, significantly exceeding February ($962 billion) and March ($683 billion). This rapid growth coincides with Bitcoin’s recent price jump from $85,000 to over $94,000, sparking debate about leverage’s contribution to the current market rally.