Binance’s Trading Volume Hits $100 Billion in Just One Day


Binance continues to see unprecedent trading activity while attempting to sail through regulatory hurdles

Binance’s daily volume reached $ 100 billion on October 20, according to a tweet from CEO Changpeng Zhao.

The leading crypto exchange recorded this crucial milestone on the day Bitcoin, the largest cryptocurrency, reached a new all-time high of $67,276.

Despite the introduction of stricter measures for users due to tight regulatory control, Binance enjoys a comfortable lead over other crypto exchanges in spot trading and derivatives, according to data provided by CoinMarketCap.

Eerier this month, the trading platform also announced a $1 billion ecosystem fund.        

Meanwhile, the decentralized financial sector is catching up with the centralized behemoths. The total value locked in DeFi protocols has hit $100 billion for the first time.


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