Binance has recorded USD 21.6 billion in revenue in 2024 to date, according to the DefiLlama ranking. This was reported by the exchange to Cointelegraph in Spanish.
"The global user base of Binance grew to nearly 250 million people as new users have moved funds to the exchange to participate in what could be the beginning of the golden age of cryptocurrencies," said Binance.
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This year, according to comments from Binance, the revenues of their platform have been backed by global optimism related to digital assets, driven by significant regulatory victories and a growing adoption and historical price milestones.
Moreover, the success of this year's Binance Launchpool program reflects the growing interest of users in new tokens. According to Binance, they have observed that these funds tend to remain on the platform.
Binance also highlighted the importance of Bitcoin ETFs in major markets such as the United States, Brazil, Hong Kong, and Australia. They indicated that in just one year, net revenues in BTC ETFs surpassed those of gold ETFs, a testament to the growing role of cryptocurrencies in finance and their integration into more traditional institutions and systems.
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"Average Bitcoin deposits across all exchanges have increased from 0.36 BTC in 2023 to 1.65 BTC, while USDT deposits skyrocketed from USD 19.6k to USD 230k. These larger deposits reflect growing interest from professional and corporate investors, distinguishing institutional activity from retail trading," highlighted Binance.
Top Exchanges in 2024 according to the DefiLlama Ranking
ETF announcements have been seen in the Alipay payment application in China
From Binance expressed the enthusiasm that is being experienced throughout the blockchain industry and project a potential 'golden age' for crypto assets. According to the exchange, the year that ends has been a turning point. In the words of Richard Teng, CEO of Binance:
2024 has been a historic year for the cryptocurrency industry
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