Binance.US Daily Trading Activity Crosses the $10 Million Benchmark Quicker Than Binance Did
Binance is without doubt one of the most (if not the most) successful firms in the cryptocurrency industry today. The claim is certainly exemplified by the recent accomplishment by Binance.US, its American subsidiary. The exchange recorded an all-time high daily trading volume of $15 million on Wednesday – reaching the milestone faster that its parent company back in the day.
Binance.US breaks the $15 million mark
Since its launch in mid-September, the heavily regulated, Binance America exchange has seen low daily trade volumes as investors took wind of the exchange. However, the daily trading volumes saw an impressive 250% increase in the past 72 hours reaching its current peak point at $15.3 million USD worth of trades.
7-day chart showing the 250%+ increase in Binance.US daily trading volumes (Image: Coingecko)
BTC/USD and BTC/USDT pairs lead in the volume contributing to 31% of the total volume traded in the past 24 hours. Since its launch the exchange has added a number of cryptocurrency trading pairs to the platform including ETH, XRP, LTC, BCH, and recently IOTA.
Binance.US CEO, Catherine Coley, looks forward to reaching greater milestones in tandem to the current trading volumes ceilings.
She tweeted thanking the community on crossing the $10 million mark,
— Catherine Coley (@cryptocoley) October 23, 2019
Changpeng Zhao, Binance CEO, replied urging the community not to underestimate the greatness of the achievement.
Took @binance longer to unlock this achievement back in the day. Most people underestimate the effort involved in jump starting a new platform.
— CZ Binance (@cz_binance) October 23, 2019
Binance Global to add Russian ruble
In an open hall meeting held in Moscow earlier in the week, CZ Binance announced the global exchange will be integrating ruble payments to the exchange. This enables traders to buy and sell cryptocurrency using rubles further offering the user withdrawal services. He confirmed the ruble may be coming to the platform in the next few weeks.