Binance Dominates SpaceX Perpetuals with $5.6 Billion Trading Volume

Binance has reported a massive surge in trading volume for its SpaceX perpetuals, reaching $5.6 billion over 24 hours and more than $9 billion across the pre-IPO and Nasdaq listing window.

This represents a significant market share of around 60% with an open interest of $167.2 million, as Binance processed nearly 14.74 million futures trades, roughly nine times the number seen on OKX.

The exchange's dominance in the crypto perpetual futures market and SpaceX pre-IPO trading volume is underscored by these figures, which also show that Bitcoin liquidity flows are playing a role.