Binance Dominates Bitcoin Futures with 87% Taker Volume: CQ
2025-07-02 20:01:50
Main Idea
Binance dominates 87% of global taker buy volume in Bitcoin (BTC) futures, significantly outpacing competitors, and also leads in other areas like mining pool flows and USDT liquidity on Tron.
Key Points
1. Binance commands 87% of global taker buy volume in Bitcoin (BTC) futures, far exceeding competitors like OKX, Deribit, BitMEX, and Bybit, which collectively account for about 10%.
2. Taker volume indicates market supremacy, as takers react swiftly to price movements, ensuring rapid order fulfillment and effective monitoring of order books and liquidity.
3. Binance's dominance solidified after the 2022 collapse of FTX, a former major rival, allowing it to grow steadily.
4. The BTC.com mining pool directs nearly 98% of its identifiable Bitcoin exchange flows to Binance, making it the primary gateway for new BTC entering the market.
5. Binance also dominates USDT liquidity on Tron, processing over 65% of TRC-20 Tether transfers daily.
Description
Fresh data from the on-chain analytics platform CryptoQuant shows Binance now commands 87% of global taker buy volume in Bitcoin (BTC) futures. This figure dwarfs the combined activity of major competitors like OKX, Deribit, BitMEX, and Bybit, which together account for only about 10%. Taker Volume Signals Market Supremacy Takers are traders who accept existing offers or bids on a platform’s order book rather than placing their own. Since they want their request filled immediately, they tend to ...
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