Image credit skew.Other statistics from the same source indicate that, along with this, Binance became the second-largest exchange on the daily trading volume in the Bitcoin Futures market, losing from BitMEX and bypassing Huobi.Image credit skew.Recently BitMEX cannot boast of increased volumes and is content with only a small part of what it had several months ago. According to analysts, this may indicate a loss of speculators’ interest in trading Bitcoin derivatives at the current stage.Earlier, Binance Futures Director Aaron Gong presented a report for the first month of the service, in which he connected the initial success with a high-quality application matching engine, low fees and high platform liquidity.“Our matching engine is benchmarked at 5ms latency and 100,000 orders per second; this is compared to many other matching engines that can only handle 100 or fewer orders in the same time frame. On September 24, when BTC price plummeted from 9800 USD to 7780 USD in just a few minutes, many other major platforms had overloads or complete outages, but we had no problems or delays of any kind,” he writes.Gong also promised that in the fourth platform, Binance Futures will add several important features based on user needs.It became known on Tuesday on the launch of an exchange product (ETP) linked to Binance Coin, which will be traded on the Swiss SIX stock exchange.Author: Marko [email protected] News: Binance Has Become the Second Largest Bitcoin Futures Platform was originally published in ALTCOIN MAGAZINE on Medium, where people are continuing the conversation by highlighting and responding to this story.
Go to Source
Author: Marko Vidrih
TranslateEnglish▼XAfrikaans Albanian Amharic Arabic Armenian Azerbaijani Basque Belarusian Bengali Bosnian Bulgarian Catalan Cebuano Chichewa Chinese (Simplified) Chinese (Traditional) Corsican Croatian Czech Danish Dutch English Esperanto Estonian Filipino Finnish French Frisian Galician Georgian German Greek Gujarati Haitian Creole Hausa Hawaiian Hebrew Hindi Hmong Hungarian Icelandic Igbo Indonesian Irish Italian Japanese Javanese Kannada Kazakh Khmer Korean Kurdish (Kurmanji) Kyrgyz Lao Latin Latvian Lithuanian Luxembourgish Macedonian Malagasy Malay Malayalam Maltese Maori Marathi Mongolian Myanmar (Burmese) Nepali Norwegian Pashto Persian Polish Portuguese Punjabi Romanian Russian Samoan Scottish Gaelic Serbian Sesotho Shona Sindhi Sinhala Slovak Slovenian Somali Spanish Sudanese Swahili Swedish Tajik Tamil Telugu Thai Turkish Ukrainian Urdu Uzbek Vietnamese Welsh Xhosa Yiddish Yoruba Zulu