Cryptocurrency exchanges are witnessing a surge in average deposits in 2024, fueled by increased activity from professional and corporate investors. A CryptoQuant analysis highlights that Binance's average daily Bitcoin deposit rose by 2.77 BTC, surpassing Kraken and Coinbase. Bitcoin deposits jumped from 0.36 BTC in 2023 to 1.65 BTC in 2024, while Tether deposits soared from $19,600 to $230,000. Binance hit a record daily deposit of 6.85 BTC on Nov. 3. The reelection of Donald Trump and the introduction of Bitcoin ETFs have further boosted crypto adoption, with institutional funds reaching over $30 billion.
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