With Bitcoin less than $ 1,000 up from the $ 19,891 high set in December 2017 Trading on the large crypto exchange Binance has also reached a new high in the last 24 hours with a volume of over 37 billion US dollars.
According to CoinMarketCap Binance’s daily trading volume has reached $ 37,291,444,117, an increase of 40.5% in the last 24 hours. Last week the analytics page reported Trading volume of $ 25 billion for Binance.
Furthermore, The open positions in Bitcoin (BTC) futures on Binance hit an all-time high of $ 1.17 billion, according to cryptocurrency analytics site Glassnode.
The open interest of the futures of #Bitcoin in the #Binance hits an all-time high (~ $ 1.17 billion)
Graphic: https://t.co/qktAwF39NV pic.twitter.com/1ohynfUiyf
– Glass node (@glassnode) November 24, 2020
The increase is accompanied by the upward movement in the prices of the major crypto assets. Bitcoin is priced above $ 19,100 at press time, having risen 4% since yesterday. Ether (ETH) is up over 25% in the past week to hit $ 605. and yesterday, XRP soared to an annual high of $ 0.73 after more than doubling in a week.
Although the exchange is attracting more trading activity than ever before, it does so without US users.. Several US Twitter users have informed from an email from Binance informing them that they have 14 days to close their accounts. The exchange said These accounts will be blocked if not all funds are withdrawn on time. Binance has been restricted for users in the United States since September 2019.