Cryptocurrency markets are eroding US stock market liquidity: SpaceX stock trading volume has reached 10.3% of Nasdaq's, with daily turnover exceeding $5.4 billion.

PANews reported on June 16 that, according to Hyperinsight monitoring, trading volume related to the crypto market SPCX (SpaceX) exceeded $5.4 billion in the past trading day. Compared to the Nasdaq SpaceX's $46.9 billion trading volume, SPCX's trading volume is approximately 10.3% of that.

Looking at individual platforms, Binance contributed approximately $3.2 billion in trading volume, ranking first; Trade.xyz contributed approximately $1.1 billion in trading volume. Over the past day, Trade.xyz's total trading volume reached $3.2 billion, with open interest reaching $2.93 billion, accounting for 36.8% of Hyperliquid's total trading volume.

Note: Since crypto market transactions are mainly contract-based, the actual transaction volume may have declined if calculated based on deleveraging. However, SPCX is still the best-performing cryptocurrency trading benchmarked against Nasdaq.

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Author: PA一线

This content is for market information only and is not investment advice.

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