Binance reported inflows exceeding $24 billion from user deposits in 2024. According to DefiLlama data, Binance’s inflows surpassed those of 10 other exchanges combined. The company attributed this growth to the global adoption of digital assets, regulatory successes, and the launch of spot Bitcoin exchange-traded funds. Bybit came in second with $8.2 billion, and OKX came in third with $5.3 billion.