Binance summed up the results of 2020
The outgoing year for one of the largest cryptocurrency exchanges in the world Binance was marked by an overwhelming growth in financial performance
Due to the growing interest in BTC and altcoins, the average transaction volume on Binance has increased. In 2020, it amounted to $ 3.88 billion, which is 36% more than in 2019.
Among the most important development milestones is the record for spot trading in a 24-hour period. This figure amounted to more than 15 billion dollars, which is 3 times higher than in the last reporting period.
In addition to this, 184 tokens were listed on the exchange in 2020. The total number of couples was 591, which is 95 more than in 2019. The number of languages supported is 11.
Summing up the year, the management of the exchange noted that in 2020 the very structure of the cryptocurrency market has changed. They have become a global financial system. Many large companies have invested in bitcoin. This means that cryptocurrency has become part of their long-term development strategy.
Due to the pandemic, remote settlements and mobile payments have become more popular. This has allowed cryptocurrency technology to make a significant leap forward. We agree with Binance. We hope next year will be just as successful for the cryptosphere!