Crypto exchange Binance has recorded a surge in daily volume on the 23rd of February, reaching $100 billion. Data provided by CoinMarketCap and Coingecko confirmed the record.
Binance Futures vice president Aaron Gong noted that the new milestone comes with a challenge for the exchange. He said:
“Whilst exciting, the significant increase in user activity and trading volume also provides a challenge in our industry.”
Referring to the increasing global adoption of crypto, he said Binance needs to maintain excellent services to clients and provide solutions to their needs. He added that Binance would need to keep up with giving fast and efficient trading experience.
On the 19th of February, the Binance network saw an all-time high in its transactions, recording $3.2 million transactions.
On the same day, the total value locked in smart contracts On BSC climbed to a record high of $1.7 billion. Also, Binance announced that it would integrate DODO DeFi platform into Launchpool, the exchange’s staking services. Upon successful integration, Binance users will have access to stake BUSD, BETH, and BNB to earn DODO tokens.
According to InsideBitcoins, the Binance native token, BNB, was the third-largest digital asset by market cap, with a $35 billion market value.
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