News

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

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

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

How do you rate this article?

34



News
News

Official Publish0x Crypto News Channel

Publish0x Publish0x

Reward the author with $0.01 in crypto, and earn yourself as you read!

20% to author / 80% to me.
Rewards are FREE. Publish0x pays them, not you.

Page not displaying correctly?