Submit Blog Home » Cryptocurrency News » Cryptocurrency News » Binance trading volume tops all-time high with $37B in a day Binance trading volume tops all-time high with $37B in a day November 24, 2020 Trading volume on the world’s most popular crypto exchange has surged following a rally of the top three tokens.
954 Total views
14 Total shares
With Bitcoin within $1,000 of its all-time high price of $19,891 set in December 2017, trading on major crypto exchange Binance is also hitting new heights with more than $37 billion in volume in the last 24 hours.
According to data from CoinMarketCap, the daily trading volume of Binance has now hit $37,291,444,117 which is up 40.5% in the last 24 hours.Last week, the analytics site reported $25 billion in trading volume for Binance.
In addition, Bitcoin (BTC) futures open interest on Binance hit an all-time high of $1.17 billion, according to crypto analytics site Glassnode.
— glassnode (@glassnode) November 24, 2020
The surge accompanies bullish price action from the major crypto assets.The price of Bitcoin is more than $19,100 at the time of publication, having risen 4% since yesterday, Ether (ETH) has surged more than 25% in the last week to reach $605, and yesterday XRP rallied to a yearly high of $0.73 after more than doubling in the space of a week.
While the exchange is drawing in more trading activity than ever, it’s doing so without U.S.users.
Several Twitter users based in the U.S.have reported an email from Binance informing them they have 14 days to close their accounts.The exchange reportedly said th accounts will be locked if they fail to withdraw all funds before the deadline.
Binance has been restricted for users living in the United States since September 2019.
Share this: Is a Bitcoin ‘death spiral’ imminent following yesterday’s massive difficulty adjustment? Bitcoin experienced two massive mining difficulty adjustments recently.Is this something to be concerned about? Before the recent halving, many were prophesying a so-called “death spiral” for Bitcoin.This theory hinges on the idea that the halving of the block reward leads to an exodus of miners due to the sudden unprofitability of mining activities.… Bitcoin Has Now 100% Recovered From $3.7K Lows, Decoupling From Stocks Bitcoin (BTC) tested support at $7,500 on April 24 after a surprise surge saw the cryptocurrency beat out resistance and reliance on stocks.Cryptocurrency market daily overview.Source: Coin360BTC price puts in a $7.5K foundationData from Coin360 and Cointelegraph Markets showed BTC/USD attempting to form new support at $7,500 on Thursday.Since hitting a high of $7,760… Bakkt Bitcoin Futures Trading Volume Just Hit Another All-Time High Bitcoin (BTC) futures daily volumes on digital asset platform Bakkt have hit a new all-time high, with 1,741 futures traded on Nov.9.Bakkt announced the new record, stating: “Today we set a new daily record of 1,756 Bakkt Bitcoin Futures contracts traded.”Volume spike coincides with Bitcoin price dipTwitter account dedicated to Bakkt futures trading volume data,… Russian Oligarch Turns Soviet Plant Into a Major Bitcoin Mining Hub The largest data center in the former Soviet Union, BitRiver, opened about a year ago in the Siberian city of Bratsk and most of its clients use the facility to mine Bitcoin (BTC), Bloomberg reported on Nov.24.The data center allows cryptocurrency miners to take advantage of cheap energy in what once used to be… Head of SEC Enforcement Dept.for Cryptocurrency, Cyber Security Resigns The chief of the United States Securities and Exchange Commission (SEC) Division of Enforcement’s Cyber Unit, Robert A.Cohen, has stepped down from his role at the commission.According to an official announcement by the SEC, Cohen served as the first chief of the Cyber Unit since its inception in 2017.The Cyber Unit is in charge… Huobi Japan Opens Voting on Listing 6 New Tokens Account holders at have the opportunity to vote this month on which of six new tokens they would like to see listed.
Major Japanese exchange Huobi is asking its users to vote before August 16 on which new cryptocurrencies they would like to see listed.According to an update on the Huobi website… South Korean Ministry Drops Cryptocurrency Exchanges From Venture Enterprise Classification The government of South Korea announced it had excluded cryptocurrency exchanges from legislation governing venture businesses in a press release issued Monday, August 13.The brief document from the country’s Ministry of Small and medium-sized enterprises (SMEs) and Startups (MSS) explained that contrary to previous decisions, it would now place exchanges alongside bars and nightclubs… EOSDT Supply Cap Increases by $100M With Bitcoin Liquidity Support Multi-chain DeFi framework, Equilibrium, raised EOSDT circulation cap from $70 million up to $170 million with pBTC integration.1832 Total views 41 Total shares As the decentralized finance, or DeFi, industry continues to grow, the need for liquidity in cryptocurrencies is steadily increasing.DeFi startup Equilibrium has today expanded the supply of its decentralized EOS stablecoin,… Finance Redefined: DeFi party’s over, back to building now, Sept.30—Oct.
7 This week in DeFi was notable for its lack of notable events.Nobody set new records for the fastest hack of a new contract, nobody famous exit scammed or pulled a DeFi Jesus reincarnation act.You can just feel that something is different now.It used to be that every weekend we’d discover some new exotic… .
