Binance Trade Volume Exceeds $100 Trillion
All-time trading volume on Binance exceeded $100 trillion, according to CEO Richard Teng.
Trade volume on Binance exceeds $13 billion today.
Binance CEO Richard Teng announced a major milestone. On September 24, he stated on X that Binance's all-time trading volume exceeded $100 trillion.
Teng said that Binance builds through highs and lows because its consumers deserve the best. He thanked all users for their confidence and support.
Binance 2024 Trade Volume Trajectory
Binance's transaction volume fluctuated in 2024, as did the crypto market.
Haters were incorrect as Bitcoin ended the historically gloomy September on a positive note. Additionally, the digital asset may establish a new ATH in Q4 2024.
Binance's all-time trading volume was over $1 trillion, proving that hard work and faith pay off.
In 2024, Binance reached its trade volume peak on March 6 with approximately $73 billion. The second day of transaction volume this year was March 15, when Binance reported over $63 billion.
In 2024, the exchange's transaction volume fluctuated, as Teng predicted, with an average daily volume of $20 billion.
Binance's daily trading volume peaked on August 5, 2024, when the crypto market fell the most. This is why August 5 is Black Crypto Monday.
Official data suggests that Binance was the biggest CEX in June 2024 with $424.7 billion in spot trading volume (its annual low) and 44% market share.
Bybit ranked second with 12.2% market share and $75 billion spot trading volume.
Since its 2017 introduction, Binance has had strong transaction volume owing to high user engagement and confidence.
After Changpeng Zhao created Binance in 2017, the exchange, which trades over 350 digital assets, reached 200 million registered users in June.
