• Binance processed $16.92 trillion in buying and selling quantity between 2017 and 2022.
• Binance's buying and selling quantity has reached $4.40 trillion because the begin of the 12 months.
• The change's market share surged 121% in March 2024, rising to 44.1%.

Binance's buying and selling quantity surged to $9.7 billion prior to now 24 hours, whereas spot buying and selling quantity hit $9.55 billion. The change additionally introduced a brand new buying and selling event with a complete prize pool of $40,000.

This spectacular efficiency additional cements Binance's place because the world's largest cryptocurrency change, with whole buying and selling quantity from 2017 to 2022 exceeding the GDP of main economies reminiscent of Canada, India, and Japan.

To this point this 12 months, Binance's buying and selling quantity has reached roughly $4.4 trillion, demonstrating secure efficiency in varied market situations. In the meantime, in response to information from Coingecko, Binance's 24-hour buying and selling quantity is presently at $9.7 billion, up 42% in in the future.

Binance's spot buying and selling quantity additionally noticed a big enhance, reaching $9.55 billion prior to now 24 hours, with the platform's whole belongings valued at $113.25 billion, solidifying its main place within the crypto business.

In accordance with the CCData report, Binance’s spot buying and selling quantity surged 121% in March 2024, reaching $1.12 trillion, its highest since Might 2021. This development additionally led to a rise in its market share by 1.04%, to 44.1%.

The change presently helps 401 cryptocurrencies, 11 fiat currencies and 1,590 buying and selling pairs, with BTC/USDT being the most well-liked. Binance dominates the market with a 8.03% share, establishing itself as the highest change on the planet.

Past buying and selling, Binance has simply introduced a brand new buying and selling event. The event will run from August 15, 2024 to September 8, 2024. Individuals who obtain a minimal spot buying and selling quantity of $3,500 on eligible pairs will be capable to compete for a share of a $40,000 reward pool of TON token vouchers. The highest 2,500 individuals will obtain rewards based mostly on their buying and selling quantity.

To be eligible to take part, individuals should full id verification, and buying and selling quantity for sure stablecoin pairs is not going to be counted for customers within the European Financial Space (EEA). Rewards will probably be distributed inside 21 enterprise days after the top of the occasion and individuals should declare inside two weeks of distribution.