In 2024, the cryptocurrency market has undergone significant changes, with exchanges recording a sharp increase in average deposits in Bitcoin and USDT, which indicates the active participation of institutional investors. The average Bitcoin deposit increased from 0.36 BTC in 2023 to 1.65 BTC, and USDT from $19.6k to $230k.

Binance led this growth, increasing the average daily Bitcoin deposit by 2.77 BTC, ahead of Kraken and Coinbase. In USDT, Binance and Bitfinex also showed significant gains, bringing Binance reserves to a record $23 billion.

On November 3, 2024, Binance achieved a record average daily Bitcoin deposit of 6.85 BTC, underscoring its dominance in attracting institutional funds. This growth shows growing confidence in the cryptocurrency sector.