📈 Record surge in trading volume on Binance driven by the resurgence of meme coins and AI.
Binance, the world's largest cryptocurrency exchange, experienced a record surge in trading volume during March 2024, with spot trading volume reaching $1.12 trillion, the highest level since May 2021.
💡 What is behind this surge?
Meme Coins: Meme coins such as Fartcoin and Pudgy Penguins have seen significant interest from investors, with Pudgy Penguins recording a 1000% growth within a week.
AI Tokens: A survey conducted by Binance showed that 24% of users expect AI tokens to lead market growth in 2025, reflecting increasing interest in this sector.
🛠️ Binance platform updates
In response to user feedback, Binance has implemented improvements to its platform, including:
A new dashboard for better displaying top traders.
New features in options trading and robots.
Improvements in the trading robot portfolio to display initial margin and profits.
Added an order type 'Good Till Date/Time' (GTD) to provide more precise trading strategies.
🧠 Expert opinion
Analysts indicate that this increase in trading volume reflects growing investor confidence in cryptocurrencies, especially with the increasing interest in meme coins and AI tokens. However, experts warn of high volatility in this market and emphasize the importance of risk management.