- Binance processed $16.92 trillion in trading volume from 2017 to 2022.
- Binance’s trading volume reached $4.40 trillion year-to-date.
- The exchange’s market share grew to 44.1% after a 121% surge in March 2024.
Binance’s trading volume surged to $9.7 billion in the past 24 hours, with spot trading volume hitting $9.55 billion. The exchange also announced a new trading tournament with a $40,000 reward pool.
This remarkable performance further cements Binance’s position as the world’s largest cryptocurrency exchange, with its total trading volume from 2017 to 2022 exceeding the GDP of several major economies, like Canada, India, and Japan.
Year-to-date, Binance’s trading volume has hit roughly $4.40 trillion, demonstrating its consistent performance across various market conditions. Meanwhile, data from Coingecko shows that Binance’s 24-hour trading volume currently sits at $9.7 billion, marking a 42% jump within the day.
Binance’s spot trading volume also saw a significant boost, hitting $9.55 billion in the past 24 hours. The platform’s total assets are valued at $113.25 billion, solidifying its leading position in the crypto industry.
A report by CCData reveals that Binance’s spot trading volume skyrocketed by 121% in March 2024, reaching $1.12 trillion, its highest point since May 2021. This growth also bumped its market share up by 1.04%, bringing it to 44.1%.
The exchange currently supports 401 cryptocurrencies, 11 fiat currencies, and 1,590 trading pairs, with BTC/USDT being the most popular. Binance dominates the market with an 8.03% share, securing its rank as the top global exchange.
Beyond trading, Binance has just announced a new trading tournament. It runs from August 15, 2024, to September 8, 2024. Participants with a minimum spot trading volume of $3,500 on eligible pairs can compete for a share of a $40,000 reward pool in TON token vouchers. The top 2,500 participants will receive rewards based on their trading volumes.
To be eligible, participants must have completed identity verification. Also, trading volumes on certain stablecoin pairs won’t count for users in the European Economic Area (EEA). Rewards will be distributed within 21 working days after the event ends, and participants must claim them within two weeks of distribution.
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