Forex and Crypto News

Binance still dominates among cryptocurrency exchanges

14:16 06 August /2019

Binance cryptocurrency exchange confidently maintains the status of a leading trading platform. This is stated in the latest Crypto Compare resource report.

Analysts emphasize that in June, the average daily trading volume amounted to $ 1.6 billion on the Binance crypto exchange. The monthly transaction volume increased to $42.1 billion. The report notes that trading on Binance added almost 13% in June, compared with the May.

Currently, the platform processes transactions with 185 coins and has 584 trading pairs. The Binance crypto exchange not only dominates the market for digital assets in terms of trading but also successfully promotes its own BNB token (Binance Coin).

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Over the past few months, this asset has seriously strengthened, its rate has reached $27.99. The market capitalization of the token grew to $4.353 billion in early August. The three leaders among cryptocurrency platforms also included the ZB and CoinBene exchanges, the daily trading on which exceeded $1.35 billion and $1.267 billion in June, respectively.

The rating from Crypto Compare also notes that the Singapore-based CoinBene platform currently processes operations with the largest number of cryptocurrencies (about 224 coins).

The fact that on Twitter the number of followers of the platform for the first time exceeded 1 million was also proof of the growing influence of Binance.

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