Binance attracted $908 million in flows in Q2 2024
During the 2nd quarter of 2024, the largest centralized cryptocurrency exchanges (CEX) recorded significant capital inflows. According to data from CryptoRank and DeFiLlama, Binance is firmly in the lead with $908 million, confirming the trading platform's dominant position in the market despite increasing competition.
Bitfinex takes 2nd place, raising $709 million, an impressive result for an exchange that continues to rebuild its reputation after past difficulties. Third place went to Bitget, which managed to raise $561 million, cementing its position as one of the fastest growing platforms on the market.
Bybit and Gate.io also made the top five, with capital inflows of $465 million and $400 million, respectively. These trading platforms are actively expanding their influence by offering a variety of trading pairs and competitive commissions. The large-scale attraction of deposits indicates high trust on the part of users and investors.
