Binance Fund Inflows in 2024 Exceed the Next 10 Exchanges by 40%
Key Highlights
Binance recorded $21.6 billion in user deposits in 2024, 36% higher than the combined $15.9 billion of the next 10 exchanges.
Bitcoin deposits rose from 0.36 BTC to 1.65 BTC, and USDT deposits surged from $19.6k to $230k, reflecting increased institutional interest.
Binance surpassed $100 trillion in lifetime trading volumes this year, cementing its market dominance.
A Year of Growth
Institutional adoption of digital assets surged in 2024, fueled by Bitcoin ETF approvals and regulatory milestones. Binance attracted nearly 250 million users globally, solidifying its position as the leading crypto exchange.
The Bitcoin ETF Effect
Bitcoin ETFs contributed significantly to institutional inflows, surpassing gold ETFs in popularity. This development underscores crypto's growing integration into traditional finance.
Institutional Leadership
Binance led in institutional growth, with the highest increase in average Bitcoin deposits among major exchanges, as reported by CryptoQuant.
Milestone Achievements
Binance became the first exchange to exceed $100 trillion in lifetime trading volumes, demonstrating its unmatched scale and user trust. Its innovative products, like Binance Launchpool, further reinforced its market leadership.
2024 marks a transformative year for Binance and the crypto industry, signaling the mainstream acceptance of digital assets.
