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Binance Hits Record $12,000,000,000 in Bitcoin and Crypto Trading Volume As BTC Soars

by Daily Hodl Staff
April 30, 2020
in Trading

Binance just broke $12 billion in daily trading volume in a 24-hour period – a new record for the leading crypto exchange.

Binance chief executive Changpeng Zhao says his firm reached its prior all-time high around the peak of the last parabolic crypto bull run in 2017.

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Binance did not offer derivatives trading at that point, but now its futures platform maintains 25% of all crypto futures volume.

“Last time we seen [this level] was in Jan 2018, if memory serves me correctly.

We have seen ATH in trader numbers for a while, but volume wise, today is a new record.”

wow, $12 billion! pic.twitter.com/tlYJJyOjuF

— CZ Binance ??? (@cz_binance) April 30, 2020

With volume soaring, crypto exchanges are working overtime to keep their operations running smoothly.

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Zhao says Binance’s operations in China were hit with a denial-of-service attack on Wednesday.

Meanwhile, leading US crypto exchange Coinbase and Coinbase Pro experienced intermittent downtime for a two-hour period, also on Wednesday. The issues were swiftly resolved and access to both platforms was restored.

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Disclaimer: Opinions expressed at The Daily Hodl are not investment advice. Investors should do their due diligence before making any high-risk investments in Bitcoin, cryptocurrency or digital assets. Please be advised that your transfers and trades are at your own risk, and any loses you may incur are your responsibility. The Daily Hodl does not recommend the buying or selling of any cryptocurrencies or digital assets, nor is The Daily Hodl an investment advisor. Please note that The Daily Hodl participates in affiliate marketing.
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