Bitcoin [BTC] crosses the $2 billion threshold in daily trading volume; beats Gold

Bitcoin’s [BTC] price resurgence on the charts has been a sight to behold after the world’s largest cryptocurrency outperformed even the best of the S&P stocks in 2019. After the crushing bear market of 2018, BTC has grown by more than a 100 percent on the charts and that performance has been reflected in its ecosystem too.

A recent analysis indicated that the top 10 Bitcoin exchanges cleared almost $2 billion in trade volume on May 27. The reason why this figure is significant is that gold, an asset that Bitcoin is competing with, cleared only $1.2 billion in terms of trade on the same day.

The total Bitcoin volume was clocked at around $2.03 billion, out of which Binance, Coinbase, Bitfinex, Kraken and Bitstamp contributed the lion’s share of trade volume.

Binance had the largest trade taking place on its platform, recording $729.809 million in trade volume, while Coinbase came in at a distant second with $342.604 million in trade volume. Bitfinex, Kraken, and Bitstamp rounded up the top 5 list with the three overseeing $312.161 million, $244.25 million and $158.073 million in terms of trade volume, respectively.

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