Binance Australia Breaks More Records with $615 Million in Daily AUD Trading Volume

Binance Australia has broken another record with a massive $615 million AUD daily trading volume on their cryptocurrency exchange.

The previous record of $130 million AUD in a single day was set back in January this year by Binance Australia. And now they have broken the record a few months down the line.

  • Binance Australia reached $615.83 million in daily AUD trading volume on 19 May 2021.
  • Binance is also currently the largest exchange in the world with $35 billion USD trading volume at the time of writing (second place with $15 billion USD).
  • The exchange has also been the top digital exchange in Australia since January this year.
  • Binance Australia has now reached 3 times the Bitcoin (BTC) trading volume compared to other exchanges in the Australian market, various times.
Source: CryptoCompare
Source: CryptoCompare

Additionally, AUD trading volume is a common indicator defining the performance of digital exchanges. It has been less than 3 months since the last all-time-high (ATH) of $175 million AUD in trading volume was recorded (on 23 Feb). This new peak in volume of $615 million AUD is 3.5 times higher.

During this year, the growth of Binance Australia has been surprising, not just in trading volume but in customer base as well, topping other Aussie exchanges in both Ethereum (ETH) and Bitcoin (BTC) 24-hour trading volume.

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Robert Drage
Author

Robert Drage

Robert is a freelance researcher, with a background in information science currently interested in blockchain technology and technical developments in the field.

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