Binance, the cryptocurrency exchange, has reached a historic milestone by exceeding $100 trillion in total trading volume in both spot and derivative markets, solidifying its market leadership.

Market Leadership and Trading Volume

As the first exchange to achieve a trading volume of $100 trillion, Binance strengthens its position as a global leader in cryptocurrency trading. The total volume reflects the platform’s extensive reach and the capital entering the cryptocurrency sector.

Market Expansion with Mobile Payments in Africa

Beyond trading dominance, Binance has expanded its services in Africa. Mobile payment integrations in countries like Benin, Cameroon, Ivory Coast, the Democratic Republic of the Congo, Togo, and Senegal have made cryptocurrency purchases more accessible. This initiative aims to enhance financial inclusion by providing more accessible entry points into the digital economy across Africa.

BNB Price Prepares for Potential Rise

The increase in Binance’s trading volume and service expansion has heightened interest in BNB’s price. Currently trading around $600, BNB continues to show resilience in volatile markets. Analysts suggest that breaching the $620 resistance level could lead to prices soaring up to $800. In the past week, Binance Coin (BNB) has risen by 3.61% to reach $597.27. With a market capitalization of $87.16 billion, BNB’s 24-hour liquidity stands at $1.48 billion.

Binance’s achievement of reaching a $100 trillion trading volume signifies its strong market position and user trust. Despite the volatile and uncertain nature of the financial sector, Binance’s success highlights its significant role in the digital asset industry.