Bitcoin futures trading is now five times bigger than spot on Binance

The futures-to-spot ratio has climbed to 5.1, reflecting a structural shift in how the market trades. What to know : Binance's futures-to-spot trading volume ratio has climbed to about 5.1, its highest level since mid-2023. This suggests potential for leverage-led volatility in the market. Key on-chain metrics point to downside volatility ahead.