Binance Trading Volume Surpasses $100 Trillion Amid Bullish Market - Coincu
1 hours ago - Around 2 mins mins to read Key Points: Binance trading volume has surpassed $100 trillion thanks to soaring market momentum. The exchange experienced significant growth, adding 40...
1 hours ago - Around 2 mins mins to read
Key Points:
- Binance trading volume has surpassed $100 trillion thanks to soaring market momentum.
- The exchange experienced significant growth, adding 40 million users in 2023 and another 30 million in the first half of 2024.
Binance, the world’s largest cryptocurrency exchange, has its historical trading volume jump over $100 trillion, according to an important milestone published by its CEO, Richard Teng, via the X platform.
Read more: Binance Crypto Regulations Unaffected by Upcoming US Election
Binance Trading Volume Surpasses $100 Trillion
The feat was achieved in a period of recuperation for the Bitcoin market, again touching above the $63,000 level.
In addition to the Binance trading volume milestone, the exchange celebrated reaching 200 million registered users not so long ago. This number puts it at about 36% of all cryptocurrency users in the world.
The exchange has been witnessing stellar growth, with 40 million users added this year and another 30 million within the first half of 2024, thus becoming more popular in the crypto world.
Regulatory Challenges and Increased Institutional Investment for Binance
Despite the ongoing regulatory scrutiny, including the big settlement of $4.3 billion earlier this year, the cryptocurrency exchange keeps on doing incredibly well. Binance says that institutional and corporate investors have grown by 40% participation this year. According to Teng, interviewed recently by CNBC, this has been the trend for the last year, though he gave no firm details or investment size.
Binance trading volume has gone up high in this decadent regulatory environment, testifying to its resilience and commitment to innovation within the digital world of cryptocurrency. In the future, the exchange will most probably be operated on these intricacies and is working on user experience improvement and enhancement of its other services.
DISCLAIMER: The information on this website is provided as general market commentary and does not constitute investment advice. We encourage you to do your own research before investing.
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