The spot transaction volume of Binance, the world’s largest cryptocurrency exchange, reached record levels. The stock market last saw these levels in May 2021.
Cryptocurrency markets have been very active lately. Bitcoin (BTC) in recent weeks reaching record levels Investors started to return to this area again. Studies also show that crypto money markets a serious flow of money revealed that it is.
Market research firm CCData on cryptocurrency markets latest data shared. Shared data, especially the world’s largest cryptocurrency exchange BinanceThanks to statistics from , it revealed the growth in the cryptocurrency markets. Because Binance’s spot transaction volume increased by 121 percent as of March 2024 and $1.12 trillion It was recorded as.
These levels were last seen in May 2021
According to CCData data, Binance last reached such a large transaction volume in May 2021. We have readers who remember; At that time, there was a very serious change in the cryptocurrency markets. There was an upward trend. The latest news reveals that the same levels have been reached again after a few years. Of course this It doesn’t mean There will be very serious price increases again, like those experienced in 2021.
RELATED NEWS
Ripple Announced That It Will Produce Stable Coin: So What Will It Do?
Binance, especially in recent times US government He came face to face with and went through major litigation processes. CCData analysts say the impact of those cases is now starting to fade. Because trust in Binance, reestablished looks like. The total market share of the exchange increased by 1.04 percent in March 2024 and reached 44.1 percent. In other words, transactions in cryptocurrency markets almost halfreturns via Binance.
This content cannot be considered as investment advice.
Source :
https://cointelegraph.com/news/binance-trading-volumes-hit-yearly-high-at-1-12t-in-march