Binance recorded $360.35 million in trading volume for its NVDAUSDT perpetual futures contract over the past 24 hours. This figure accounts for 44% of the total volume across the eight largest trading venues offering the product.
The exchange also holds a 30.1% share of the market in terms of open interest, which reached $90.57 million. The total market volume for Nvidia perpetual contracts ranged between $826 million and $1.06 billion during this period.
Total open interest across all platforms was estimated between $278 million and $421 million. The NVDAUSDT contract, launched by Binance in March 2026, allows users to trade derivatives that mirror Nvidia stock prices using USDT.
The contract operates 24 hours a day, seven days a week, without an expiry date. During the recent weekend, the perpetual contract price dropped by 4.2% compared to the previous US market close, reflecting management uncertainty.
