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.