Record volume on Binance

The most popular crypto exchange just reached new ATHs in daily volume, with 80 billion USD. For comparison, at the peak of ’17, they handled 20 billion dollars worth of trading in a whole month. Current ATH comes from the 24 billion spot market and the 57 billion derivatives highs.

Trading volume has a clear correlation with the prices of assets. When you swap more expensive assets, you make a higher volume. And there is a correlation with the numbers of users, which is also in a clear uptrend in the latest years. If more users use the platform, the volume also grows. Especially at the time of new highs in prices.