Written by Ting Pengformer writerReviewed by Alex Cohenformer editorBinance Trading Volume Reaches All-Time High Amid Bitcoin’s Price Surge
Latest NewsPublishedApr 29, 2020
Binance hits an all time trading volume high during Bitcoin’s pump to nearly $9000.
As the Bitcoin price skyrocketed close to $9000 on April 29, Changpeng Zhao, or CZ, announced that Binance, the world’s largest crypto exchange, has hit $11 billion in trading volume over the past 24 hours. This number is considered an all-time high for the exchange.
According to CZ’s post, the last time the exchange came near $11 billion was in early 2018. Today they reached a new record in terms of trading volume.
Source: CZ Twitter Post
Crypto community is bullish
Crypto traders responded positively about the exchange’s ATH volume. Some believe that the trading volume will increase even more in the days to come.
Other major exchanges were reportedly having issues handling the high trading volumes during the Bitcoim pump. Some members of the crypto community have praised Binance for operating without any such problems.
Bitcoin’s halving is happening in less than two weeks. As Cointelegraph reported earlier today, the media buzz around the halving event has grabbed people’s attention globally. All major trends surrounding Bitcoin’s price appear to be positive.
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