The volume of trade in the world’s most popular crypto currency exchange has skyrocketed after a rise in the three major tokens.
With Bitcoin trading at less than $1,000 from its December 2017 high of $19,891, trading on the large Binance crypto currency exchange is also reaching a new record with a volume of more than $37 billion in the last 24 hours.
According to CoinMarketCap data, Binance’s daily trading volume has reached $37,291,444,117, a 40.5% increase in the last 24 hours. Last week, the analysis site reported $25 billion in trading volume for Binance.
In addition, the open interest of Bitcoin futures (BTC) in Binance reached an all-time high of $1.17 billion, according to the Glassnode cryptanalysis site.
The rise accompanies the upward movement in the prices of the major cryptoactives. Bitcoin’s price is over $19,100 at the close of this edition, up 4% from yesterday; Ether (ETH) has risen over 25% in the last week to $605; and yesterday XRP rose to an annual high of $0.73 after more than doubling in the space of a week.
Although the exchange is attracting more trading activity than ever before, it is doing so without the US users. Several US-based Twitter users have reported an email from Binance informing them that they have 14 days to close their accounts. The exchange said the accounts will be blocked if they do not withdraw all the funds by the deadline. Binance has been restricted to users living in the US since September 2019.