Binance Reports $80B in Trading Volume in a Single Day

By Abhimanyu Krishnan | News | 6 Jan 2021

On Jan, 4, Binance CEO Changpeng Zhao revealed that the exchange had logged its largest-ever 24 hour trading volume at $80 billion, as Bitcoin was making its rally to $35,000 levels. 

  • Zhao also highlighted how the market has grown in the short span of 3 years, and appreciated the rise of both spot and derivatives markets
  • Volume on Jan.4 alone is quadruple that of the entire month leading up to the 2017 bull run, which for Binance stood at $20 billion
  • Binance itself has experienced tremendous growth in this time, both in terms of global expansion and feature releases
  • The last few days have seen altcoin trading volume surge by hundreds of millions, with XLM, ADA, and LRC being the most popular assets
  • Commenting on the bull run, Binance US CEO Catherine Coley believes that BTC would hit a price of $75k-$100k in 2021

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Abhimanyu Krishnan
Abhimanyu Krishnan

Technophile, cryptocurrency enthusiast and journalist.


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