#2024WithBinance The cryptocurrency exchange market appears to have undergone a transformative shift in 2024, driven largely by a significant uptick in institutional activity.

According to insights shared by CryptoQuant on its QuickTake platform, major exchanges are witnessing unprecedented growth in Bitcoin and USDT deposits.

This trend highlights the increasing confidence of institutional investors in digital assets, marking a departure from the traditionally retail-dominated trading space.

Related Reading: Is Bitcoin Poised for a $150K Rally? Insights from a $20T Global Money Supply Projection

The Institutional Interest Surge In Crypto

Key metrics reveal that average Bitcoin deposits across exchanges have soared from 0.36 BTC in 2023 to 1.65 BTC this year. Similarly, USDT deposits have surged dramatically from $19.6k to $230k, reflecting the growing involvement of professional and corporate investors.