CandleFocus

Binance Fund Inflows for 2024 Are Almost 40% Higher Than the Next 10 Exchanges Combined

Binance, the largest cryptocurrency exchange, has recorded $21.6 billion in user fund deposits in 2024, which is 36% more than the combined total of the next 10 crypto exchanges. This significant growth reflects the increasing interest from professional and corporate investors. Binance has also become the first crypto exchange to exceed $100 trillion in lifetime trading volumes, demonstrating its market dominance. The introduction of Bitcoin ETFs has made it easier for institutional investors to gain exposure to crypto assets, resulting in substantial inflows and driving up Bitcoin prices. Binance has attracted institutional investors and witnessed a significant increase in average Bitcoin and USDT deposits. These achievements highlight the growing prominence of digital assets and Binance's leadership in the industry.

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