Binance Achieves Historic $100 Trillion Trading Volume, Solidifying Its Market Leadership

Binance has achieved a significant milestone by surpassing $100 trillion in total trading volume across spot and derivatives markets, solidifying its position as the leading cryptocurrency exchange.

This surge in volume has led to speculation about a potential rise in Binance Coin (BNB) prices.

According to CCData, Binance is the first centralized exchange (CEX) to reach this milestone, with OKX following as the second-largest exchange at $25 trillion in lifetime trading volume.

Despite its closure in November 2022, FTX remains sixth based on its prior trading volume, highlighting the volatility in the crypto space.

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Bybit and Bitget rank third and fourth with volumes of $13.2 trillion and $10.9 trillion, respectively.

Additionally, Binance has expanded operations in Africa by introducing mobile money payment options for crypto transactions in six countries, enhancing financial inclusion in the region.

Kosta Gushterov

Kosta has been working in the crypto industry for over 4 years. He strives to present different perspectives on a given topic and enjoys the sector for its transparency and dynamism. In his work, he focuses on balanced coverage of events and developments in the crypto space, providing information to his readers from a neutral perspective.