According to CoinMeta, based on early data of in, the trading volume of Binance’s virtual / USDT perpetual contracts soared by 5 times within 10 minutes, with a total trading volume of $22.85 million in the past 24 hours and a decline of 3.69%. A surge in trading volume usually indicates increased market activity or large-scale capital transactions, which may be triggered by significant market changes or news announcements. Binance’s contract rankings have placed it at number 1 globally.