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trade.xyz Reports Record Metrics With $110 Billion Cumulative Trading Volume

According to the company’s official announcement, the platform also reached $1.6 billion in open interest and a 24-hour peak volume of $5.6 billion.

Summary

According to an official announcement, trade.xyz said it reached record platform metrics, including $110 billion in cumulative trading volume, $1.6 billion in open interest, a $5.6 billion 24-hour peak trading volume, and 45,300 peak daily unique traders. The company also reported weekend peak volume of $1.09 billion and said its peak 24-hour share of Hypercore volume was 44.4%.

Terms & Concepts
  • Open interest: The total value or number of active derivatives contracts that have not been closed, often used to gauge market participation and liquidity.
  • Trading volume: The total amount of an asset traded over a given period, commonly used to measure activity and market interest.
  • Hypercore: A named trading venue or ecosystem segment referenced by the company for volume share comparison; the announcement says trade.xyz accounted for 44.4% of its volume at the 24-hour peak.