LBank Labs' precious metals futures volume tops $6B

LBank Labs announced that cumulative trading volume for its precious metals futures has surpassed $6 billion. The top three assets by trading volume were GOLD, SILVER, and XAUT. The exchange's open interest in GOLD futures currently stands at $31.46 million, ranking first among global centralized exchanges, with a 24-hour increase of 199.69%. Open interest for SILVER/USDT reached $13.46 million, up 2.37% over the same period. LBank Labs emphasized that both the total open interest and its growth rate are among the highest globally, indicating a rapid inflow of market funds into precious metals derivatives. The firm added that amid macroeconomic uncertainty and rising demand for safe-haven assets, precious metals are becoming a key component of the crypto derivatives market. By offering these futures products, centralized exchanges are enabling precious metals to act as a bridge between the crypto market and traditional safe havens. LBank Labs expects these assets to play a significant role in providing liquidity and facilitating asset allocation within the derivatives market going forward.