LBank Labs' TradFi derivatives daily volume tops $2B

LBank Labs announced today that the daily trading volume for traditional finance (TradFi) perpetual futures on its LBank platform has surpassed $2 billion. Trading in products themed around U.S. stocks is reportedly leading the market, with ASML, LLY, and SPY emerging as the top three assets by volume, recording $175 million, $126 million, and $85 million, respectively. LBank Labs noted that demand for derivatives on major U.S. stocks continues to grow. In response, LBank has introduced infrastructure like xStocks and Ondo Finance (ONDO) to support derivatives trading for U.S. stocks, precious metals, commodities, and indices. The firm added that it will continue to enhance its trading environment by attracting a wider variety of asset derivatives and cross-market liquidity.