The year 2024 witnesses a major change in the cryptocurrency industry with a significant increase in Bitcoin and USDT deposits, showing the growing participation of institutions. The average Bitcoin deposit rose from 0.36 BTC in 2023 to 1.65 BTC, while USDT increased from $19.6k to $230k.

Binance leads with an average daily Bitcoin deposit increase to 2.77 BTC, far surpassing Kraken and Coinbase. In terms of USDT, Binance and Bitfinex recorded significant increases, with Binance's total USDT reserves reaching a record $23 billion.

On November 3, 2024, Binance set a record with an average daily Bitcoin deposit of 6.85 BTC and USDT of $303k. This increase reflects growing confidence in cryptocurrency thanks to regulatory clarity and robust infrastructure.