Cryptocurrency Market Eats Into US Stock Market Liquidity: SpaceX Stock Trading Accounts for 10.3% of Nasdaq, with Daily Trading Volume Surpassing $5.4 Billion

BlockBeats News, June 16th, according to Hyperinsight monitoring, within the past 24 hours, the trading volume related to the cryptocurrency market SPCX (SpaceX) has exceeded $5.4 billion. Compared to Nasdaq's $46.9 billion trading volume for SpaceX, the SPCX trading volume has accounted for 10.3% of the total.

Looking at the breakdown by platform, Binance contributed approximately $3.2 billion in trading volume, taking the lead; Trade.xyz contributed around $1.1 billion in trading volume. In the past day, Trade.xyz's overall trading volume reached $3.2 billion, with a total position size of $2.93 billion. Its trading volume has represented 36.8% of the total trading volume on the Hyperliquid platform.

Note: Due to the derivative nature of the cryptocurrency market transactions, if leverage is taken into account, the actual trading volume may be lower. However, SPCX remains the most prominent asset in the current cryptocurrency market when compared to Nasdaq's US stock trading.

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