The volumes that Binance is seeing this year are similar to what they saw last year.

In 2021 they saw over $34 trillion in USD traded equivalent of cryptocurrency. In one day alone they might trade around 120 billion.

For them 30-50 billion is a slow day.

Growth in cryptocurrencies in 2021

In 2021 the worldwide cryptocurrency population increased over 150% and the users are expected to grow into the hundreds of millions by the end of this year, coming close to 1 billion perhaps sometime soon.

Might this prediction be a bit too optimistic? Or is it only a matter of time before the user base crosses that line and then some.

Already there are said to be hundreds of millions of people around the world who both use and own cryptocurrency.

Adoption can grow rapidly too, some new web3 projects have seen hundreds of thousands of new users download apps, to millions within just a few weeks.

For one bank in Brazil they were recently able to reach 1 million cryptocurrency customers after launching a new crypto offering.

After the dump the fear and greed gauge improved a bit but still there are said to be many standing on the sidelines who are afraid to get back in right now. How long will that last? Some might be gone forever after recent losses and project failures.

Then there are others who have suggested that perhaps the worst for the market might already be over.

pics: pixabay This is not to be taken as financial advice and has been posted for information purposes only. sources: https://financialpost.com/pmn/business-pmn/cryptocurrency-exchange-binance-2022-volumes-so-far-similar-to-2021s-34-trillion https://www.newsbtc.com/crypto/the-worst-may-be-over-as-crypto-market-adds-more-than-100-billion/