BlockBeats News, a recent report published by TokenInsight revealed the astonishing performance of the cryptocurrency market! In the past 30 days, Binance's total trading volume (including spot and derivatives) not only surpassed that of major global stock markets, but even exceeded Nasdaq by 10%, was double that of the New York Stock Exchange, and 16 times that of Coinbase, capturing half of the trading volume of global centralized trading platforms. 😮
This period coincides with the week of the U.S. presidential election, and the market's volatility and uncertainty seem to have injected new vitality into the cryptocurrency market. The inflow of USDT also surged during this time, totaling over $20 billion. Among them, Binance led with an inflow of $7.7 billion, followed closely by Coinbase with $4.3 billion, and other trading platforms with $6.5 billion.
Does this phenomenon mean that the cryptocurrency market is gradually becoming an important component of the global financial market? Or is it merely a short-term effect brought about by the election? Regardless, this surge in trading volume undoubtedly brings more attention and discussion to the crypto market.
For investors, this may be a signal worth paying attention to, but one must also approach the market's volatility and risks with caution. After all, the speed at which the cryptocurrency market changes is incredibly difficult to grasp.
Friends, what do you think about this change in trading volume? Feel free to share your views and insights in the comments section! Let's discuss this vibrant and opportunity-filled market together!