CryptoQuant analysts stated that since 2018, Binance has consistently led the cryptocurrency market in the number of Bitcoin (BTC) and Ethereum (ETH) outflow transactions. In 2024, this dominance remains strong, with Binance recording the highest monthly BTC and ETH outflow transaction numbers among all centralized exchanges (CEX). Notably, in the last month of 2024, Binance processed nearly 2 million BTC and ETH outflow transactions.