Binance's new products start gaining traction

Quick Take

  • Binance recently launched two key offerings – Binance US and Binance Futures
  • Traded volume on Binance US has grown significantly relative to the rest of the market
  • Binance Futures’ relative volume, when compared to its competitor BitMEX, grew from about 10% in late September to about 30% in late October
Binance has been busy. The most popular crypto-to-crypto exchange has made more than 20 announcements of new offerings and strategic developments during the second half of the year. Source: The Block, Binance Most notably, Binance introduced two key offerings that could each bring in a significant amount of revenue: Binance US (a competitor to Coinbase, […]

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