Binance year-to-date trading volume surpasses $3 trillion

The Bitcoin exchange Binance said that in 2020 the total trading volume on its platforms exceeded $3 trillion, and the daily peak surpassed $52.6 billion.

Data: Binance.

Record figures for the company included volumes across the spot market, futures, options, margin trading and leveraged tokens.

Binance noted that since the end of 2019, the number of the exchange’s institutional clients has risen by 46%.

Asia remained the company’s main market for the year just ended, followed by Europe.

The largest volumes in fiat-currency pairs were in the United Kingdom and Europe, as well as Russia and the CIS.

The most popular cryptocurrencies on the exchange’s spot market were Bitcoin, Ethereum and XRP. These same assets accounted for the top three by trading volume on Binance’s OTC portal.

CEO Changpeng Zhao stated that the company expects to end the year with a profit of up to $1 billion.

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