Wednesday, December 8, 2021
Home Crypto News Exchanges Another Astonishing Milestone, Binance One Day Trading Volume Hits $100 Billion

Another Astonishing Milestone, Binance One Day Trading Volume Hits $100 Billion

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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.

 

 

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:

 

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Ammarahttps://thecryptobasic.com/
Ammara Mubin is a cryptocurrency expert, trader and journalist with extensive experience of covering everything related to the burgeoning industry — from price analysis to Blockchain disruption. Ammara authored more than 1,000 stories for TheCryptoBasic, CryptoComes and other fintech media outlets. She is particularly interested in regulatory trends around the globe that are shaping the future of digital assets.

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