In 2024, Binance has achieved remarkable milestones, reinforcing its position as a global leader in the cryptocurrency exchange market. Key highlights of its success include:
1. Record Institutional Growth: Binance has witnessed a significant increase in average daily Bitcoin deposits, which rose to 2.77 BTC, substantially outpacing competitors like Kraken and Coinbase. This growth is attributed to increasing institutional participation and confidence in Binance's platform security and liquidity【27】【28.