Binance trading volume reaches historic record, with $37 billion in one day

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Turnover in the world’s most popular cryptomorphic exchange increased after a recovery of the three main tokens.

With Bitcoin less than $1,000 from its highest price of $19,891 set in December 2017, trading on the large Binance cryptomorphs exchange is also reaching new highs, with more than $37 billion in volume in the last 24 hours.

According to data from CoinMarketCap, Binance’s daily trading volume reached $37,291,444,117, up 40.5% in the last 24 hours. Last week, the analysis site reported $25 billion in turnover at Binance.

In addition, Bitcoin Futures Contracts (BTC) open at Binance reached a high of $1.17 billion, according to the Cryptomode Analysis site Glassnode.

The increase follows the rise in the price of the main crypto assets. The price of Bitcoin Trend App is over $19,100 at the time of publication of this article, having risen 4% since yesterday, Ether (ETH) has risen more than 25% in the last week to reach $605, and on Monday the XRP reached an annual high of $0.73 after more than doubling within a week.

Although the exchange is attracting more trading activity than ever before, it is doing so without US users. Several Twitter users based in the US reported an email from Binance stating that they have 14 days to close their accounts. The exchange would have said that the accounts will be blocked if they do not withdraw all funds before the deadline. Binance is restricted to users who have been living in the United States since September 2019.