Binance Hits Record $12,000,000,000 in Bitcoin and Crypto Trading Volume As BTC Soars

Binance just broke $12 billion in daily trading volume in a 24-hour period – a new record for the leading crypto exchange.

Binance chief executive Changpeng Zhao says his firm reached its prior all-time high around the peak of the last parabolic crypto bull run in 2017.

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Binance did not offer derivatives trading at that point, but now its futures platform maintains 25% of all crypto futures volume.

“Last time we seen [this level] was in Jan 2018, if memory serves me correctly.

We have seen ATH in trader numbers for a while, but volume wise, today is a new record.”

With volume soaring, crypto exchanges are working overtime to keep their operations running smoothly.

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Zhao says Binance’s operations in China were hit with a denial-of-service attack on Wednesday.

Meanwhile, leading US crypto exchange Coinbase and Coinbase Pro experienced intermittent downtime for a two-hour period, also on Wednesday. The issues were swiftly resolved and access to both platforms was restored.

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