KuCoin’s Daily Equity-Perpetual Volume More Than Doubled in Q3

KuCoin’s daily trading in perpetual contracts tied to stocks, exchange-traded funds and indexes more than doubled between July 1 and Sept. 30, while total Q3 volume across tracked exchanges fell 27.5% from Q2 to $12 trillion. The equity-perpetual figure compares daily readings on the quarter’s opening and closing dates, rather than all trading accumulated over three months. KuCoin’s daily spot volume also rose between those dates, ending Sept. 30 47.07% above its July 1 level. KuCoin recorded $106 billion in spot volume and $167 billion in derivatives during Q3, with derivatives making up 61% of its trading.

Source: TokenPost