January 23, 2021

Binance Daily Trading Volume Reaches $ 80 Billion

Binance Daily Trading Volume Reaches $ 80 Billion

The trading volume on the Binance exchange has set a new record - $ 80 billion in 24 hours.

Bullish race last brought huge profits to cryptocurrency exchanges for several months. Daily trading volumes for cryptocurrencies on the largest trading platform - Binance - set a new record.

Yesterday, the CEO of the exchange Changpeng Zhaowrote that a new record was set on the exchange - turnover in 24 hours amounted to $ 80 billion. The derivatives trading volume was $ 57 billion, and the spot trading volume was $ 23 billion.

Zhao noted that the current daily volumes are 4 times the monthly volumes during the 2017 bull run. In total, from November 15 to December 15, 2017, the turnover of the exchange amounted to $ 20 billion.

Due to the increased activity of traders, Binance developers have been able to discover new scalability issues. Zhao wrote:

$ 80 + billion in the last 24 hours on Binance.We found some scalability issues. As you grow, new problems will appear. We're not perfect, but we'll fix bugs as quickly as possible. Thank you for your understanding and support!

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According to the materials coinjournal.net