Binance gold perpetuals weekly volume jumps 224% to $12.3 billion
- —Binance XAU perpetuals average $12.3 billion a week, versus $3.8 billion in April
- —Daily volume peaked at $3.5 billion
- —Cumulative gold perpetuals turnover on Binance is near $320 billion
- —Gold has fallen almost 30% from its $5,595 peak, yet volumes held up
Why it matters: Traders are rotating into commodity perpetuals as crypto momentum fades, intensifying exchange competition for traditional assets.
Source: TokenPost