#2024withBinance According to the report on capital inflows in 2024, Binance is the clear leader among centralized crypto exchanges (CEX). According to DefiLlama, over the past 12 months, the trading platform has received 40% more funds than its ten closest competitors combined.

Such dynamics are impressive against the backdrop of chaotic events around Binance and in the crypto market in general in 2024. The former CEO of the crypto exchange Changpeng Zhao (CZ) served a four-month prison sentence on money laundering charges and was also banned for life from holding senior positions in the company.

In addition, after the escalation of conflicts with US regulators, the crypto platform lost a significant part of the market. All this forced the company to take a more active stance on regulatory compliance issues. The trading platform has benefited from the approval of Bitcoin (BTC) spot exchange-traded funds (ETFs) in the U.S. this year, which has sent institutional and corporate investment in Binance up 40%, according to Teng.$BNB $SHIB $DOGE