$BNB $50B A DAY: Binance Still Rules the Derivatives Battlefield
Call them exchanges. Call them casinos. One thing is clear — the leverage arena is massive.
On Feb 26th, Binance clocked a staggering $50.13B in 24h derivatives volume, with nearly $19.7B in open interest. That’s more than double the next competitor. OKX and Bybit trail behind, but the liquidity gap at the top is undeniable.
When one venue processes $50B a day in perpetuals, funding flows, liquidations, and order book depth don’t just matter — they shape price action across the entire market.
Narratives move on social media.
Liquidity moves on derivatives desks.
If you want to understand volatility, you follow open interest and where the size is sitting.
And right now? The center of gravity is obvious.
Where liquidity goes, price follows.