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.

CoinFeed reported on June 16th 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. By platform, Binance contributed approximately $3.2 billion in trading volume, ranking first; Trade.xyz contributed approximately $1.1 billion. In 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 the total trading volume on the Hyperliquid platform.