What is the daily trading limit?

Could you please clarify what exactly is meant by the 'daily trading limit' in the context of cryptocurrency trading? Is it a set amount of cryptocurrency that can be bought or sold within a 24-hour period? How is this limit determined, and does it vary based on the exchange or the specific cryptocurrency being traded? Is there a way for traders to increase their daily trading limit, and if so, what are the requirements and procedures for doing so? I'm eager to understand the implications of this limit on my trading strategies and how I can navigate it effectively.