Binance Hits $100 Trillion Trading Volume, Leads Cryptocurrency Exchange Market
According to CCData last week, Binance rose to the top of the charts to become the first centralized exchange to reach $100 trillion in trading volume. This puts the exchange ahead of all cryptocurrency exchanges in the world.
The volume includes spot and derivatives markets. This reflects the platform’s vast reach and the capital flowing into the crypto sector.
Moreover, OKX, which has improved its services, is the second largest exchange, with a lifetime trading volume of $25 trillion.
Interestingly, even after the company went out of business in
November 2022. FTX still ranks sixth in terms of
total trading volume.
It was followed by other exchanges such as Bybit and Bitget with a trading volume
of $13.2 trillion and $10.9 trillion, respectively,
making them third and fourth. These platforms have gained attention through better user experiences and diverse product offerings.
