Binance has reported two consecutive billion-dollar inflow weeks, totalling more than $5 billion in net inflows for November, according to DeFiLlama data. This impressive figure surpasses the inflows of other major platforms by fivefold, highlighting Binance’s role as a leading hub amid a surge in digital asset interest and adoption.
Increased Engagement Following U.S. Election Drives Growth
Following the U.S. presidential election results on November 5, Binance saw heightened user engagement, with over 13 million app visits in a single day on November 6. This increased activity underscores the impact of major political events on the cryptocurrency market, reinforcing digital assets as a focal point of financial and policy discussions.
Binance’s user asset holdings have now reached $130 billion — the highest since the platform began its Proof of Reserves disclosures two years ago. According to CryptoQuant, Binance’s reserve percentage climbed to 25% in November, up from 21% a year prior, reflecting rising user confidence in Binance as a secure platform for managing digital assets.
Crypto Market Surge Underpins Binance’s Growth
Bitcoin (BTC) and Ether (ETH) prices have also surged post-election, with BTC up nearly 20% and ETH soaring by 30%, emphasizing the growing integration of digital assets into mainstream finance. Richard Teng, Binance CEO, noted that these milestones underscore the "strength and resilience" of Binance and reflect the broader acceptance of crypto within global finance.
Teng added, “The increased discussions around crypto during major political events, such as the U.S. Presidential Elections, highlight the pivotal role cryptocurrencies play in shaping the future of finance and policy. Truly, we are witnessing the golden era of crypto.”
As the cryptocurrency sector continues to expand, Binance remains committed to providing a secure, transparent ecosystem for its global user base of nearly 240 million.
