Binance user deposits hit $31 trillion this year...No. 1
Binance has reported a record $21.6 billion (31 trillion) in user deposits this year, according to data from DeFiLama. That's 40% more than the combined user deposits of the other 10 exchanges ($15.9 billion). "In 2024, the average Bitcoin deposit on Binance increased to 1.65 BTC, up from 0.36 BTC in 2023," Binance said. The average USDT deposit also surged from $19,600 to $230,000, driven by increased participation from professional and institutional investors."
