On January 11th, Binance saw 130M AUD (~100M USD) traded in just the past 24hr (across all AUD pairs). And 71M AUD (~55M USD) for the BTC/AUD trading pair.
Binance Leading The Way In Australia
While we can attribute the massive uptake in crypto trading volume to growing positive sentiment and an increase in institutional investment, we can see Binance has leapfrogged other platforms as far as volume traded.
In our opinion, the user experience offered by Binance Australia platform is one of the smoothest available on the exchange market landscape. That is paired with low fees and PayID/OSKO capabilities, facilitating common operations of Australian crypto traders.
Binance Australia allows users depositing and withdrawing AUD directly from their bank account, making it easier than ever before to get involved in crypto.
Lastly, Binance Australia has played a major role in the development of the crypto community in Australia through meetups and events. It does not come as no surprise that Aussies seem to trust Binance Australia as a locally-based exchange registered with AUSTRAC.
Binance Australia in 2021
Launching in 2020, Binance Australia has achieved this phenomenal growth over the course of just 6 months by providing a platform focused on being comprehensive, minimising fees and offering the highest liquidity available on the market.
While we’re very pleased with this milestone, at Binance Australia we have our eyes set on the future and how we can continue to facilitate the investment into and adoption of cryptocurrencies in Australia.Binance Australia’s CEO, Jeff Yew
Binance Australia’s CEO Jeff Yew also added that rapid growth of the market has seen significant support from institutional investment in 2020 and 2021. He looks forward to welcoming more Australian residents, businesses and SMSFs as they begin (or continue) their crypto journey with Binance Australia in the coming months and beyond.
See this article on how to get started with Binance Australia.
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