Binance Futures Dominance Soars: Spot Ratio Reaches Record High

Binance has seen a surge in activity, particularly in its futures market. This bullish trend is evident in the rising ratio of futures to spot trading on the platform. Binance currently holds a 1.5-year high of futures open interest, reflecting increased demand for leveraged trading and speculation across various crypto assets. This dominance also translates into a significant rise in the spot-to-futures ratio, reaching levels not seen since late 2022.