Record-breaking volumes for Binance: 37 billion dollars in just 24 hours!

Trading at the stars on the well-known exchange, following the simultaneous growth of the three major cryptocurrencies

With Bitcoin at less than $1,000 of its highest price ever ($19,891, reached in December 2017), even the volumes traded on the well-known Binance exchange have reached new heights: more than $37 billion in the last 24 hours.

According to CoinMarketCap data, Binance’s daily trading volume amounted to precisely $37,291,444.117, an increase of 40.5% in the last 24 hours: last week a peak of $25 billion was reached.

Open interest for Bitcoin futures (BTC) also reached a new all-time high on the platform: $1.17 billion, according to the Crypto Glassnode website:

“Open interest of #Bitcoin futures on #Binance has reached an all-time high (~1.17 billion dollars).”

The frenzy of users is in a very bullish phase for the main crypto assets. Bitcoin is trading over $19,100, up 4% from yesterday; Ether (ETH) has risen over 25% in the last week to $605; yesterday XRP reached its annual peak of $0.73 after more than doubling in value in just a week.

Binance’s business is growing even without US users. There are multiple reports on Twitter from US citizens who have received an email from Binance saying they will have to close their accounts within 14 days: the exchange has stated that accounts will be blocked if funds are not all withdrawn before that date. Binance has been subject to restrictions for US users since September 2019.