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Binance’s Trading Volume Records $100 Billion Within One Day

Currently, Binance’s daily volume hits an massive high of $100 billion on Oct. 20. More so, this is according to a tweet by CEO Changpeng Zhao.

“100 billion traded yesterday on #binance

— CZ 🔶 Binance (@cz_binance) October 21, 2021

Furthermore, The leading crypto exchange, Binance, adds this milestone to its record. Notably, this is happening on the day Bitcoin, the largest cryptocurrency, spikes to a new all-time high of $67,276.

Also, this is despite introducing harsh measures for users due to severe regulatory scrutiny. Still, Binance has a comfortable lead over other crypto exchanges both in spot and derivatives trading. Notably, this is according to data by CoinMarketCap.

Recall, earlier this month, the trading platform declares a $1 billion ecosystem fund.

Lastly, the decentralized finance sector is catching up with centralized Giants. Additionally, The total value in DeFi protocols has hit $100 billion for the first time.

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Crypto products and NFTs are unregulated and can be highly risky. There may be no regulatory recourse for any loss from such transactions. Crypto is not a legal tender and is subject to market risks. Readers are advised to seek expert advice and read offer document(s) along with related important literature on the subject carefully before making any kind of investment whatsoever. Crypto market predictions are speculative and any investment made shall be at the sole cost and risk of the readers.