Posted 1 year ago | by Ben Armstrong
BUSD Reached $1 Billion in Trading Volume Milestone Amid Bull Race
Binance, one of the largest cryptocurrency exchanges in the crypto world, has been expanding its services with the continuous addition of new currencies, partnerships, cryptocurrencies support, and the testing phase of its debit card.
The exchange has multiple coins with its USD-pegged stablecoin named Binance USD (BUSD), which has now surpassed $1 Billion in trading volume as the popularity of the exchange rises.
Interest on BNB is on the Rise
After an important bull run that started at the beginning of July, BUSD has been able to get to increasing support after the acquisition of Swipe and the start of its debit card beta testing.
With a trading volume of $95,496,052 in the last 24 hours as well as a market capitalization of $165,813,349 BNB is currently is #59in the ranking.
With Tether (Ustill dominating the stablecoin segment of the crypto market, BNB has been gaining popularity as an alternative to USDT which is currently in position #3.
The increasing popularity of BNB is the result of the increasing expansion Binance has been working on, increasing the uses of its coin and platform to payment and Fiat gateways, crypto wallet, DeFi protocols, etc.
The stablecoin reached the milestone just 260 days after is launch in 2019 after gaining traction in countries like Brazil by simplifying payments worldwide.
BUSD is fully regulated by the New York State Department of Financial Services (NYDFS) and verifiably backed by 1:1 US dollar reserves.
Binance Coin is Also Climbing the Ranks
Binance Coin (BNB) is not falling behind in regards to rising through the ranks and getting higher numbers, as the cryptocurrency is currently in rank #10.
BNB reached a value of 18.98 on July 14th as the currency gets more popular as a result of the same expansion that is benefiting BUSD.
With a market capitalization of $2,723,619,158 and a trading volume of $259,202,559 in the last 24 hours, the coin has made it clear that it is still attractive 3 years after its introduction.
With both coins experiencing great success and the company continued expansion, this surely seems like a good time for the exchange and its users.
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