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Funds inflows on Binance exceeded $5 billion in NovemberAccording to statistics provided by DeFiLlama, Binance, which is the world's leading blockchain ecosystem and the largest cryptocurrency exchange in terms of trading volume and number of users, saw a billion dollars in inflows for two consecutive weeks. This brings the total net inflows for November to more than $5 billion. This is five times more than the net fund inflows of the second largest platform. This exceptional expansion of Binance, which occurred at a time when market demand is growing and interest in digital assets continues to increase, further strengthens Binance's position as the preferred trading platform. Following the results of the U.S. presidential election on Wednesday, November 6, Binance attracted more than 13 million visitors in a single day. This coincided with increased attention to the platform. As a result of this trend, the volume of user assets on Binance reached $130 billion, as confirmed by DefiLlama data. This is the largest volume of user assets on Binance since the company began disclosing reserves two years ago. In addition, CryptoQuant reported that Binance's reserve percentage, which shows the proportion of reserves held on Binance compared to the exchange's total reserves, increased to 25% this month, up 4% from 21% in November 2023. These significant gains reinforce users' unwavering faith in Binance as a platform to safely manage and protect their digital assets. The recent surge in user activity also reflects larger market trends, with the price of bitcoin ($BTC {spot}(BTCUSDT) ) up more than 20% since November 5 and the price of ether ($ETH {spot}(ETHUSDT) ) up 30%. The price fluctuations underscore the importance of digital assets as an integral element of today's financial landscape. #RichardTeng , CEO of Binance, shared: "This period of consecutive record-breaking performance, billions of dollars in inflows to Binance and an increase in our reserve percentage underscores the strength and resilience of Binance, which has been chosen by nearly 240 million users. It also reflects the growing acceptance and development of digital assets in the global financial industry." The CEO added: "The increased focus on cryptocurrencies during major political events, such as the US presidential election, also underscores the increasingly important role that cryptocurrencies are playing in shaping the future of finance and politics. Truly, we are experiencing a golden era of cryptocurrencies as their potential is realized and recognized around the world." While the cryptocurrency sector is constantly evolving and engaging in topical discussions, Binance continues to offer a secure, transparent and comprehensive ecosystem to its customers around the world. #HaveYouBinanced

Funds inflows on Binance exceeded $5 billion in November

According to statistics provided by DeFiLlama, Binance, which is the world's leading blockchain ecosystem and the largest cryptocurrency exchange in terms of trading volume and number of users, saw a billion dollars in inflows for two consecutive weeks.

This brings the total net inflows for November to more than $5 billion. This is five times more than the net fund inflows of the second largest platform. This exceptional expansion of Binance, which occurred at a time when market demand is growing and interest in digital assets continues to increase, further strengthens Binance's position as the preferred trading platform.

Following the results of the U.S. presidential election on Wednesday, November 6, Binance attracted more than 13 million visitors in a single day. This coincided with increased attention to the platform. As a result of this trend, the volume of user assets on Binance reached $130 billion, as confirmed by DefiLlama data. This is the largest volume of user assets on Binance since the company began disclosing reserves two years ago. In addition, CryptoQuant reported that Binance's reserve percentage, which shows the proportion of reserves held on Binance compared to the exchange's total reserves, increased to 25% this month, up 4% from 21% in November 2023. These significant gains reinforce users' unwavering faith in Binance as a platform to safely manage and protect their digital assets.

The recent surge in user activity also reflects larger market trends, with the price of bitcoin ($BTC
) up more than 20% since November 5 and the price of ether ($ETH
) up 30%. The price fluctuations underscore the importance of digital assets as an integral element of today's financial landscape.

#RichardTeng , CEO of Binance, shared:

"This period of consecutive record-breaking performance, billions of dollars in inflows to Binance and an increase in our reserve percentage underscores the strength and resilience of Binance, which has been chosen by nearly 240 million users. It also reflects the growing acceptance and development of digital assets in the global financial industry."

The CEO added:

"The increased focus on cryptocurrencies during major political events, such as the US presidential election, also underscores the increasingly important role that cryptocurrencies are playing in shaping the future of finance and politics. Truly, we are experiencing a golden era of cryptocurrencies as their potential is realized and recognized around the world."

While the cryptocurrency sector is constantly evolving and engaging in topical discussions, Binance continues to offer a secure, transparent and comprehensive ecosystem to its customers around the world.
#HaveYouBinanced

Funds inflows on Binance exceeded $5 billion in November

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