Binance's SNDK Futures Trading Volume Surpasses Bitcoin USDT Perpetual Futures, with 10 of the Top 15 Contracts Being TradFi Assets

BlockBeats News, August 19th, according to data from the Binance market page, the trading volume of the US stock SNDK (SanDisk) perpetual contract has reached approximately $6.37 billion, exceeding the Bitcoin USDT perpetual contract with a volume of around $5.96 billion, making it one of the highest-volume contract types on the Binance platform.

It is worth noting that TradFi assets are becoming an important part of Binance's high-volume contracts. Data shows that among the top 15 contracts ranked by volume on Binance, 10 are related to TradFi assets.

The trading activity of the SNDK contract, which is based on a single US stock, has exceeded that of Bitcoin, the core asset of the crypto market. This reflects traditional stock assets rapidly entering the crypto-native trading scene, allowing global users to participate in US stock and global core asset trading at a lower threshold.