Binance Buying and selling Quantity Hits Document Highs

• Binance processed $16.92 trillion in buying and selling quantity from 2017 to 2022.
• Binance’s buying and selling quantity reached $4.40 trillion year-to-date.
• The change’s market share grew to 44.1% after a 121% surge in March 2024.

Binance’s buying and selling quantity surged to $9.7 billion up to now 24 hours, with spot buying and selling quantity hitting $9.55 billion. The change additionally introduced a brand new buying and selling event with a $40,000 reward pool.

This outstanding efficiency additional cements Binance’s place because the world’s largest cryptocurrency change, with its whole buying and selling quantity from 2017 to 2022 exceeding the GDP of a number of main economies, like Canada, India, and Japan.

12 months-to-date, Binance’s buying and selling quantity has hit roughly $4.40 trillion, demonstrating its constant efficiency throughout numerous market circumstances. In the meantime, information from Coingecko reveals that Binance’s 24-hour buying and selling quantity presently sits at $9.7 billion, marking a 42% soar throughout the day.

Binance’s spot buying and selling quantity additionally noticed a big enhance, hitting $9.55 billion up to now 24 hours. The platform’s whole property are valued at $113.25 billion, solidifying its main place within the crypto business.

A report by CCData reveals that Binance’s spot buying and selling quantity skyrocketed by 121% in March 2024, reaching $1.12 trillion, its highest level since Could 2021. This development additionally bumped its market share up by 1.04%, bringing it to 44.1%.

The change presently helps 401 cryptocurrencies, 11 fiat currencies, and 1,590 buying and selling pairs, with BTC/USDT being the most well-liked. Binance dominates the market with an 8.03% share, securing its rank as the highest world change.

Past buying and selling, Binance has simply introduced a brand new buying and selling event. It runs from August 15, 2024, to September 8, 2024. Contributors with a minimal spot buying and selling quantity of $3,500 on eligible pairs can compete for a share of a $40,000 reward pool in TON token vouchers. The highest 2,500 members will obtain rewards primarily based on their buying and selling volumes.

To be eligible, members will need to have accomplished identification verification. Additionally, buying and selling volumes on sure stablecoin pairs gained’t depend for customers within the European Financial Space (EEA). Rewards shall be distributed inside 21 working days after the occasion ends, and members should declare them inside two weeks of distribution.