Bitcoin (BTC) Crash Helps Binance US Hit Record Daily Volume
Binance’s new American partner exchange, Binance.US, hit a new single-day trading volume milestone on Wednesday with more than $15 million in daily volume on the platform.
According to data from CoinGecko, Binance has seen a surge in trading over the last day and a half, corresponding with significant market volatility as Bitcoin (BTC) plunged from $8,000 to as low as $7,300.
A look at the current trading pair volume breakdown shows that BTC/USDT and BTC/USD are the dominate trading pairs on the exchange, with USDT/USD, XRP/USDT and XRP/USD taking the top altcoin spots.
As we previously reported, Binance.US has been rapidly adding new altcoins and Binance CEO Changpeng “CZ” Zhao even went as far as tweeting out a request for people to “shill” the altcoins they want to be listed.
The exchange is currently offering free trades until November 1, as well as a $15 referral bonus for each new signup. If you are a US-based investor and want to help support our publication, you can get started on the exchange through this link.
Disclaimer: This article’s author has cryptocurrency holdings that can be tracked here. This article is for informational purposes only and should not be taken as investment advice. Always conduct your own due diligence before making investments.