Binance US Handled $759M In Trades In Its First 50 Days

With a single day high which was set at $32.7 million in trading volume on October 26 this year, we can see that Binance US handled a lot of trades in its first 50 days. In fact, the estimated number is right now $759 million as new reports show.

The American arm of the exchange named Binance US handled a lot of trades and is off to a decent start since launching at the end of September this year. The CEO of Binance US, Catherin Coley, estimated the $759 million mark via a tweet on her profile.

As she noted:

“Extremely proud of @BinanceAmerica and its fiat partner @PrimeTrustCo for building out the most user-focused crypto access in the US. Within 50 days, $759M USD of trades have been settled! Looking forward to the continuing success of the partnership! #ThisIsJustTheBeginning.”

Extremely proud of @BinanceAmerica and its fiat partner @PrimeTrustCo for building out the most user-focused crypto access in the US. Within 50 days, $759M USD of trades have been settled! Looking forward to the continuing success of the partnership! #ThisIsJustTheBeginning 🇺🇸

— Catherine Coley (@cryptocoley) November 16, 2019

In October alone, Binance US handled a lot of all-time highs in trading volume on the back of Bitcoin and its move from $7,400 to $10,500 which spiked a lot of interest in the crypto news. The exchange hit a single-day high of $32.7 million in trading volume on October 26, making it one of the top gainers in the exchanges which saw gains during that period (in terms of normalized volume).

Despite the numbers and the fact that Binance US handled a lot of trades in its first 50 days, we can certainly say that it is a leader which is continuing to incentivize adoption of the new platform.

This Friday, the latest Binance news showed that a new announcement is underway, where Binance will be offering new users fee-free trading for their 30 days. This went viral in the news section because prior to it, the exchange only offered zero fees for all pairs from its launch until November 1. The new set of rules already started on November 15.

As an addition to this, Binance US is also offering a bonus of $15 for every referral and users who complete the fiat verification process. The news come days after Binance US handled more trades and added more coins in its list. Currently, the list of coins available on the platform is 25, with more being planned in the near future.