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Binance Trade Volume Surpasses $100 Trillion
Binance has reached a huge milestone, with its all-time trading volume surpassing $100 trillion, according to CEO Richard Teng. On September 24, he shared this achievement on X (formerly Twitter), also mentioning that today's trading volume is over $13 billion.
Teng highlighted that Binance continues to build during both market highs and lows because they believe their users deserve the best. He thanked everyone for their trust and support.
Binance's Trading Volume in 2024
In 2024, Binance's transaction volume followed the ups and downs of the crypto market. Despite some doubters, Bitcoin ended the typically tough month of September on a positive note, and thereâs a possibility it could reach a new all-time high in the last quarter of 2024.
Binanceâs total trading volume passing $100 trillion shows the success of hard work and persistence. The highest trading volume this year was on March 6, with around $73 billion, followed by March 15 with over $63 billion.
As CEO Teng predicted, trading volumes fluctuated throughout 2024, averaging $20 billion a day. Binance hit its daily peak on August 5, 2024, when the crypto market experienced a major drop, a day now referred to as Black Crypto Monday.
In June 2024, Binance had the highest spot trading volume among centralized exchanges, totaling $424.7 billion, and held 44% of the market share. Bybit came in second with a 12.2% share and $75 billion in volume.
Since its launch in 2017, Binance has consistently maintained strong transaction volumes, thanks to high user activity and trust. The platform, which now offers over 350 digital assets, surpassed 200 million registered users in June.#Write2Earn! #BinanceSquareFamily #Write2Earn!
