Since the beginning of the year, Binance has seen inflows reach $21.7 billion, up nearly 40% from the combined $15.9 billion of the next 10 exchanges in the ranking, according to the platform’s report.
Binance’s global customer base has grown to 250 million users.
According to CryptoQuant, the average Bitcoin deposit on exchanges has grown from 0.36 BTC to 1.65 BTC, and USDT deposits have grown from $19,600 to $230,000, reflecting the growing participation of professional and corporate investors.
On Binance, the figure has increased by 2.77 BTC and $94,000, respectively. Tether’s value in the sector as a whole has been impacted by large deposits on Bitfinex from the stablecoin issuer.
Binance has become the first CEX to exceed $100 trillion in trading volume over its entire life, according to CCData.