PayPal has recently set a record daily volume of more than $300 million in crypto resources as clients were so disposed towards exchanging digital currencies. Previously, the one-day record in the volume was recorded on January 11 at $239.52 million, and this was the day when Bitcoin lost around $10 in its cost.
The itBit Trading Volumes Cross $50 Million
The recent data by itBit reveals that investors are looking towards buying the Bitcoin when it reaches the bottom. These volumes can compel the competitors to offer similar services. itBit, the currency exchange that provides liquidity to Paypal, has been trading above $50 million in volume as per the statistics.
Also, in April, Deutsche Bank predicted to its clients that Crypto volume of Payments Giant might even reach $20 billion by the end of this year. This is also a PayPal-controlled platform that has been newly introduced for crypto exchange.
More About Payments Giant
Payments Giant is a crypto exchange platform that lets you trade for as low as $1. It has over 3.5 million users, and is expected to reach its peak in crypto volumes.
It, however, charges a minute fee for every exchange you do. Also, it does not allow you to transfer your currency to other platforms. Yet, its owners claim to introduce this feature in some time soon.