Cryptocurrency exchange trading volumes surged to their highest since March during and after the US presidential election last week. Bitcoin and USDT inflows into exchanges also surged, fueled by investor activity.

Binance led the way with large USDT and Bitcoin inflows, receiving $7.7 billion USDT during election week. Coinbase received $4.3 billion USDT, and other exchanges totaled $6.5 billion. More USDT on exchanges means higher liquidity and trading activity.

Bitcoin inflows into Binance reached 20k Bitcoin on election day and 26k Bitcoin two days later. Coinbase received 23k Bitcoin on November 5 and nearly 44k Bitcoin in the following two days.

Cryptocurrency trading activity in the perpetual futures market reached its highest volume since March, $1.1 trillion, with 43% on Binance. Other exchanges such as OKX, Bitget, and Bybit also saw large volumes.

Trump’s victory appears to have boosted investment demand for Bitcoin and cryptocurrencies, pushing Bitcoin to a record high of nearly $90k.