April 26, 2024

Binance sets historic maximum for daily trading

Since Bitcoin is only $1,000 away from the all-time high price of $19,891 set in December 2017,The last 24 hours of trading on the major crypto exchange Binance reached a historic high above $37 billion.

According to CoinMarketCap, the current daily trading volume on Binance is$37,291,444,117, last week's analytics sitereported a turnover of $25 billion.

In addition, open interest in bitcoin futures on Binance reached a record level of $1.17 billion, according to the data of the crypto-analytic site Glassnode.

The surge accompanies the movement of prices of major crypto assets.At the momentThe price of bitcoin is $18,933, up 3.75% from yesterday; last week aired(ETH) rose more than 25% to $605, and yesterday XRP rose to an annual high of $0.73, doubling its price in just a week.

It is noteworthy that high trading activitytakes place without the participation of users from the United States. Recently, an email from Binance was posted on Twitter advising them to close their accounts on the main platform within 14 days. After this, users will no longer be able to withdraw their funds.

As you know, in september 2019, a separate trading platform was created for U.S. citizens Binance.US to avoid problems with regulators.

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