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25 July 2021

Despite Negative Press, Binance Is Still the World's Largest Crypto Spot and Derivatives Exchange – Exchanges Bitcoin News

Despite Negative Press, Binance Is Still the World's Largest Crypto Spot and Derivatives Exchange – Exchanges Bitcoin News


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Despite Negative Press, Binance Is Still the World's Largest Crypto Spot and Derivatives Exchange – Exchanges Bitcoin News.

While Binance has had a few issues with payment service providers and regulators from a few countries, the centralized cryptocurrency exchange is still the largest trading platform in terms of trade volume.

During the last 24 hours, Binance has recorded roughly $8.6 billion in swaps and the trading platform commands the highest trade volume out of all the derivatives exchanges worldwide.

The cryptocurrency exchange Binance is the largest crypto trading platform in the world, in terms of trade volume on both spot and derivatives markets.

Binance holds the highest 24-hour crypto trade volume and at the time of writing, it commands $8.6 billion in swaps.

Binance also commands the most trade volume in crypto derivatives markets as the platform’s cash-settled cryptocurrency futures has $35 billion in global volume on Monday.

While Binance is the largest centralized crypto spot exchange and derivatives platform, the company’s Binance Dex holds the 32nd position among the top dex platforms today.

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