Binance Fund Inflows for 2024 Are Almost 40% Higher Than the Next 10 Exchanges Combined

2024-12-11

Main Takeaways:

Binance, the biggest crypto exchange in the world, recorded $21.6 billion in user fund deposits in 2024, 36% more than the combined total of the next 10 crypto exchanges, which amounts to USD 15.9 billion.

The average Bitcoin deposit across exchanges rose from 0.36 BTC to 1.65 BTC, while USDT deposits surged from $19.6k to $230k. These larger deposits reflect growing interest from professional and corporate investors.

Binance became the first crypto exchange to exceed $100 trillion in lifetime trading volumes, showcasing its market dominance.