Binance continues to witness record-breaking trading activity as it attempts to overtake the regulatory obstacles.
The daily volume on Binance reached an astounding 100 billion dollars on Oct 20 according to an official tweet from CEO Changpeng Zhao.
The most popular crypto exchange reached this important milestone on the same day Bitcoin set an all-time high of $67,276.
100 billion traded yesterday on #binance pic.twitter.com/SelYpou3mL
— CZ ? Binance (@cz_binance) October 21, 2021
Despite stricter measures for users due to the tough regulation requirements, Binance enjoys a comfortable advantage over other exchanges for derivatives and spot trading.
This month Binance unveiled a $1 billion fund for Binance smart chain ecosystems.
In the meantime, the decentralized financial industry is slowly catching up to the big centralized banks. The total value locked in DeFi has reached $100 billion for the first time.
Read More On Binance:
- Binance Burned 1.3 Million BNB Worth $640 million
- Binance And CME Futures Open Interest Rates Hit All-Time Highs
- Binance Launches $1 Billion Fund to Develop Binance Smart Chain Ecosystem
- Binance Stops All Crypto Derivatives Offerings in South Africa
- Binance Stops Fiat Deposit, Purchase Of Crypto Through Fiat Channels And Spot Trading Services For Singapore Users
- Binance Will No Longer Offer Futures And Options Trading In Australia
- US Commodity Futures Trading Commission (CFTC) Probes Binance Over Allegations of Possible Insider Trading And Market Manipulation
- The UK Financial Conduct Authority (FCA) Cleared Binance
- Binance Hires Richard Teng As Singapore CEO, Binance Impose Mandatory KYC For All New Users And Halts Future Trading For Brazil
- UK Court Orders Binance To Find And Freeze $2.6M Hacked Funds That Were Stolen From Fetch.Ai Binance Account
- Binance Is No More Offering Derivative And Future Trading Services For Its Hong Kong Users
- Binance Stops Crypto Futures Trading Services Across European Countries
- Binance CEO Aims To Make Binance Regulated Worldwide, Also Daily Withdrawal Limit For Binance Unverified Accounts Reduced And Binance Leverage Trading Limit Reduced
- Italy Becomes The 7th Country To Issue A Regulatory Alert Against Binance
Disclaimer: This content is informational and should not be considered financial advice. The views expressed in this article may include the author's personal opinions and do not reflect The Crypto Basic’s opinion. Readers are encouraged to do thorough research before making any investment decisions. The Crypto Basic is not responsible for any financial losses.
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