In October 2024, the global cryptocurrency market liquidity reached about $2.35 trillion, up 0.91% from the previous day, reflecting continued growth supported by favorable economic conditions such as low interest rates in the United States and China, which boosted investor confidence. On the other hand, Binance recorded a cumulative trading volume of more than $100 trillion, confirming its position as the largest global exchange.
Major cryptocurrencies saw mixed performance, with Bitcoin rising by 7.5%, surpassing $68,000, while coins such as Ethereum, Solana, and Terra recorded positive performance. In contrast, the NFT market is facing a continuous decline, with trading volume falling by about 21.2% to $302 million in September, while the total value of liquidity locked (TVL) on decentralized finance (DeFi) platforms increased by 9.6%, reflecting the growing interest in DeFi applications across different networks. Tell us your country ❤️$BTC #BinanceTurns7 #MarketDownturn
Binance is one of the largest global platforms in the field of digital currency trading, as it has a high liquidity volume and a huge cumulative trading volume, which makes it have a great influence in the market.
Liquidity in Binance Liquidity is one of the most important factors in Binance’s success, as it depends on the platform’s ability to provide buy and sell offers on various trading pairs, which contributes to reducing the price gap when trading. According to October 2024 reports, Binance maintains strong liquidity levels across the board. For its futures contracts, the liquidity depth at 0.05% is approximately $20 million, which means that there is a good amount of orders close to the prices offered, which allows traders to execute their orders easily and at a lower cost in terms of price slippage.
Binance’s cumulative liquidity is among the highest in the cryptocurrency market, with strong liquidity across most trading pairs. According to recent reports, Binance’s estimated liquidity on futures pairs at a depth of 0.05% is around $20 million. At the spot trading level, Binance has good depth due to its widely spread liquidity, making it one of the largest exchanges in terms of trading liquidity (34).
Binance’s total daily market trading volume is estimated to be in the billions of dollars, depending on market conditions and the volatility of major currencies. #BinanceTurns7 #MarketDownturn $BNB
Today, Binance is a prominent player in the cryptocurrency market, with its cumulative trading volume across its spot and derivatives markets surpassing $100 trillion, cementing its position as the world’s largest exchange. On the cryptocurrency front, Bitcoin is trading around $67,000 with little volatility, while coins like TROY and LUMIA have shown positive performance on the day with notable increases of 29% and 16%, respectively. On the other hand, Binance continues to expand its offerings through products such as perpetual contracts with up to 75x leverage, which provide advanced trading options for investors. On the regulatory front, Nigeria has dropped charges against a Binance executive, a positive step for its regulatory relations in Africa.
You can earn from Binance in several ways, including:
Trading: Buying and selling cryptocurrencies to benefit from price fluctuations. Binance Earn: Earning passive income by depositing cryptocurrencies in savings programs. Staking: Storing some cryptocurrencies to earn rewards. Referral: Inviting others to register on Binance and get a percentage of their trading fees. Investing in new projects (Launchpad): Investing in emerging currency projects on the platform. Cloud mining: Subscribing to cloud mining programs to get returns. It is advisable to study the market and understand the risks before starting.
BNB (Binance Coin) is the native currency of Binance, and is used to reduce trading fees on the platform and enjoy additional benefits. BNB commission offers several benefits to users, including:
Reduced trading fees: Users can pay trading fees using BNB and get a discount on the standard trading fees. This discount varies depending on how long you have owned the currency; in the early years, the discount reached 50% and gradually decreases.
Reduced fees on various products: BNB supports discounts on multiple products within the Binance platform, such as the Binance Launchpad platform for investing in startups, and Binance Earn for savings and investment products.
Use in other financial products: Binance offers options such as staking and lending, where users can earn rewards by storing BNB or using it as collateral for cryptocurrency loans.
Various uses outside the platform: As it spreads, BNB is accepted in services and fees outside Binance, such as travel and digital services.
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Bitcoin is the first and largest cryptocurrency, and with its popularity, Binance has become a one-stop destination for Bitcoin traders and investors. Founded in 2017, Binance offers a secure environment with low fees and a variety of trading options, including:
Spot Trading: Buy and sell Bitcoin directly at market prices. Margin Trading: Provides leverage, allowing for increased potential profits while increasing risk. Futures Trading: Allows trading based on future price movements of Bitcoin. Binance also offers savings accounts that allow you to earn a fixed return on your Bitcoin holdings, and supports Bitcoin-related DeFi projects. The platform focuses on security through technologies such as two-factor authentication and cold storage of assets, making it a reliable option for investing and trading in Bitcoin.#BinanceTurns7 #مكسب_خرافي #موجز #btc70k #MarketDownturn $BTC
Binance is one of the largest and most popular cryptocurrency exchanges in the world, founded in 2017 by Changpeng Zhao. Binance is known for providing a wide range of cryptocurrencies that users can trade, such as Bitcoin, Ethereum, and many other currencies.
The platform is characterized by fast execution of transactions and low fees, and supports trading in many financial instruments such as spot trading, margin trading, and futures. Binance also provides additional features such as decentralized finance (DeFi), savings accounts, and rewards programs, making it a comprehensive destination for cryptocurrency enthusiasts and investors.
Despite its success and spread, Binance faces regulatory challenges in several countries, which prompted it to work on improving its compliance with local laws and enhancing compliance and security procedures to reassure its users and governments alike.
**Binance** is one of the largest and most popular cryptocurrency trading platforms in the world, founded in 2017 by **Changpeng Zhao**. Binance is known for offering a wide range of digital currencies that users can trade, such as **Bitcoin**, **Ethereum**, and many others.
The platform is characterized by fast transaction execution and low fees. It supports trading with various financial tools, including **Spot Trading**, **Margin Trading**, and **Futures**. Binance also provides additional features like **Decentralized Finance** (DeFi), **Savings Accounts**, and **Reward Programs**, making it a comprehensive destination for crypto enthusiasts and investors.
Despite its success and widespread use, Binance faces regulatory challenges in several countries, prompting it to improve its compliance with local laws and enhance security measures to reassure both its users and governments. $BNB $BTC #BinanceTurns7 #MarketDownturn
Binance is one of the largest cryptocurrency trading platforms globally, offering several ways to earn money:
Trading: You can buy cryptocurrencies like Bitcoin and Ethereum at low prices and sell them at higher prices. However, this requires a good understanding of market analysis.
Staking: You can earn rewards by staking your digital assets on Binance, receiving a percentage of returns for holding the coins for a certain period.
Flexible and Fixed Savings: Binance provides flexible and fixed savings options, where you can deposit assets for a specific time and earn interest on them.
Cloud Mining: Binance offers cloud mining services, allowing you to invest in mining without needing to purchase specialized hardware.
Referral Program: You can invite friends to sign up on Binance and earn a percentage of their trading fees.
Each method carries its own risks, so it’s essential to understand the market well before starting.$BTC $BNB #BinanceTurns7 #MarketDownturn
The current value of First Digital USD (FDUSD) is around 0.9987 USD, which means 1 USD can buy around 1.001 FDUSD【22†source】【23†source】. FDUSD is a stablecoin backed 1:1 by the US dollar, with reserves held in segregated bank accounts and regularly audited by independent third parties【24†source】【25†source】. $BTC
Scan the image to get your gift BTTC (BitTorrent Chain) is an improved version of the original BitTorrent (BTT) cryptocurrency that was released to run on the TRON network. The coin was renamed from BTT to BTTC as part of the new development to improve performance and interaction between users on the blockchain network.
BitTorrent Chain aims to improve the distributed file system and facilitate file sharing over the internet. Some of the features of BTTC include:
1. **Decentralization**: It runs on the TRON network and leverages the blockchain to provide a decentralized infrastructure.
2. **Cross-network compatibility**: It aims to achieve compatibility between different blockchain networks to increase interaction between them.
3. **Performance improvement**: It offers improvements in the speed and efficiency of transaction processing compared to previous versions.
To check the current price of BTTC and its performance in the market, you can visit cryptocurrency tracking sites such as CoinMarketCap or CoinGecko.