Morning Update on Binance: Key Highlights for November 20, 2024

1. Billion-Dollar Inflows Continue:
Binance reported over $5 billion in net inflows this November, reaffirming its dominance in the crypto exchange landscape. These inflows are significantly higher than those of competitors, reflecting strong user trust during the current post-election crypto rally. Total user assets on Binance have reached a record $130 billion, underscoring its market leadership.

2. New Trading Opportunities:
Starting November 22, Binance is launching additional trading pairs for popular tokens like HBAR, APE, OM, and TURBO. Some of these pairs will offer zero trading fees, giving users more cost-effective ways to trade.

3. Delisting Update:
The platform will delist six BTC margin trading pairs, including C98, IDEX, and REN, on November 27. While this limits leverage options for affected tokens, they will still be available on the spot market, ensuring ongoing trading opportunities.

Market Winners and Losers:

Top Gainers: Bitcoin (BTC) and Ethereum (ETH) have experienced significant gains, with BTC up by 20% and ETH rising 30%, as investor sentiment remains bullish.Biggest Losers: MOBOX (MBOX) and Hedera (HBAR) have seen daily losses of 4% and 15%, respectively, due to temporary market fluctuations.

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