Binance dominates 2024 with $21.6 billion deposits and record 250 million users

Binance dominates 2024 with $21.6 billion deposits and record 250 million users
фото показано с : cryptoslate.com

2024-12-12 19:25

Binance has cemented its position as the leading crypto exchange by reporting customer deposits totaling $21.6 billion in 2024, according to a Dec. 12 report.

This achievement places Binance significantly ahead of its competition, with data from DeFi Llama revealing that the exchange’s deposits surpass the combined total of the next ten largest exchanges tracked by 36%. Competitors—including OKX, Bitfinex, Robinhood, and Bybit—collectively reported $15.9 billion in deposits for the same period.

Binance attributed its dominance to initiatives like the Binance Launchpool, which has been instrumental in attracting and retaining funds on the platform. Broader market trends, including a surge in Bitcoin and Tether’s USDT deposits, have also fueled the exchange’s growth.

Data from CryptoQuant reveals that the average Bitcoin deposit on exchanges climbed by 358% to 1.65 BTC in 2024 from 0.36 BTC in 2023. Similarly, average USDT deposits saw an extraordinary 1,073% rise from $19,600 to $230,000.

This year, Binance achieved another significant milestone as it became the first centralized crypto exchange to surpass $100 trillion in lifetime trading volume.

Key factors to Binance’s growth

The platform attributed its impressive numbers to its ability to attract institutional investors, boosted by developments like the approval of Bitcoin ETFs. These ETFs have provided institutional players simplified access to crypto markets, driving higher inflows.

The industry’s growth has paralleled a rise in global digital asset adoption. Advancements in regulatory frameworks, new Bitcoin ETF approvals, and record-breaking price movements have spurred institutional and retail participation.

As a result, Binance has benefited from this momentum, expanding its global user base to nearly 250 million. In November, the platform reported 240 million users, indicating the addition of around 10 million new users in just one month.

Commenting on these numbers, Binance CEO Richard Teng described 2024 as a landmark year for the crypto sector.

He expressed gratitude for the trust placed in Binance by its expanding user community while emphasizing the platform’s role in driving innovation and shaping the future of crypto trading and investment.

The post Binance dominates 2024 with $21.6 billion deposits and record 250 million users appeared first on CryptoSlate.

Similar to Notcoin - Blum - Airdrops In 2024

origin »

Binance Coin (BNB) на Currencies.ru

$ 709.19 (+0.24%)
Объем 24H $2.542b
Изменеия 24h: -1.06 %, 7d: 4.03 %
Cегодня L: $704.92 - H: $735.5
Капитализация $102.129b Rank 6
Цена в час новости $ 719.31 (-1.41%)

binance deposits 2024 exchange dominates billion competition

Источник: cryptoslate.com

binance deposits → Результатов: 126


Binance.US to Open Deposits in One Week

Binance.US has announced that it will begin processing account registration applications and accepting cryptocurrency deposits from Sep. 18 at 8 am EDT. After users have signed up and selected their desired tier of verification, they will be able to deposit bitcoin (BTC), ethereum, (ETH), ripple (XRP), bitcoin cash (BCH), litecoin (LTC), and tether (USDT) to […] The post Binance.US to Open Deposits in One Week appeared first on CCN.com

2019-9-13 20:06


Фото:

Binance Relaunches With $1.2M Giveaway Following System Upgrade

Cryptocurrency exchange Binance is preparing to leave its $40 million hack behind it, confirming it had relaunched most of its service May 15. Binance Goes Live (Again) Only around one week after hackers managed to circumvent security mechanisms in what CEO Changpeng Zhao said was a coordinated attack, Binance is finishing its last checks before going fully live.

2019-5-15 16:30


Binance CEO Changpeng Zhao Informs Users of Withdrawal and Deposit Exchange Features Back Active

After the 7th of May 2019 hack of the Binance Exchange, wherein 7,000 BTC, worth about 50 million dollars, was stolen, the exchange assured its users of improved security measures. The CEO of Binance, Changpeng Zhao, has however, Informed Binance users that deposit and withdrawal features will be available again next week. Withdrawal/Deposits Services Resumption […]

2019-5-13 20:55


Binance CEO Reveals New Details of ‘Damaging’ $44 Million Bitcoin Hack

By CCN: On May 10, Changpeng Zhao, the CEO of Binance, the world’s largest crypto exchange, released a security incident update regarding the firm’s loss of 7,000 bitcoin. Following the high-profile security breach of the exchange during which sophisticated tools and methods were used to steal $44 million from Binance, the firm swiftly revamped its security measures and practices.

2019-5-10 13:00


На Binance приостановлен ввод/вывод всех криптовалют

Криптовалютная биржа Binance вечером во вторник приостановила возможность ввода/вывода всех представленных на её платформе активов.   CEO Binance Чангпенг Жао в Twitter написал: Have to perform some unscheduled server maintenance that will impact deposits and withdrawals for a couple hours.

2019-5-8 22:17


Фото:

Прощай, Ethereum: первые 5 млн BNB мигрировали на собственный блокчейн Binance

Криптобиржа Binance завершила своп первой партии Binance Coin (BNB) с блокчейна Ethereum на собственный. В настоящий момент пользователям уже открыта возможность работы с депозитом. Об этом представители компании сообщили в своем блоге.

2019-4-23 11:06


Фото:

As Court Reconvenes for QuadrigaCX, Questions Surround Empty Cold Wallets

As QuadrigaCX’s legal counsel descends on the courtroom in Halifax, Nova Scotia, for another round of legal proceedings, the court monitor’s third report on QuadrigaCX’s finances — specifically its revelation that the exchange’s cold wallets are empty — lays out some hopeful avenues for fund recovery — and some frustrating dead ends.

2019-3-5 20:20


дальше еще 77 новостей →

Партнеры Currencies.ru

Аналог Notcoin - Blum - Играй и зарабатывай Монеты



Реклама на Currencies.ru

Самое свежее на Currencies.ru

Binance Futures announces new limits for BFUSD users

Binance expands trading limits for BFUSD users across VIP levels. In an official announcement, Binance announced the increase in the maximum position limits for Binance Futures’ unique yield-based margin asset, BFUSD.

Binance's stablecoin surge - Record inflows, BNB's price action, and more...

Binance exchange saw strong growth in stablecoin inflows, aiding in its market dominance A recap of BSC network activity and BNB's price action is worth highlighting too Binance's dominance The post Binance's stablecoin surge - Record inflows, BNB's price action, and more... appeared first on AMBCrypto.

Binance Coin [BNB] surges: 2 key reasons why

BNB was trading at around  $715.9 at press time. Rising on-chain activity and social sentiment reinforced BNB's bullish outlook. Binance Coin [BNB] continues its impressive growth, recentlThe post Binance Coin [BNB] surges: 2 key reasons why appeared first on AMBCrypto.

BNB hits all-time high of $775: Will $1,000 follow soon?

BNB hits new all-time high, driven by strong technical indicators and rising market confidence. Rising trading volume and Open Interest signaled growing belief in BNB’s continued upward potenThe post BNB hits all-time high of $775: Will $1,000 follow soon? appeared first on AMBCrypto.

Маркус Тилен: Биткоин-балансы крупных бирж стремительно сокращаются

Основатель и генеральный директор компании 10x Research заявил, что биткоин-балансы крупных централизованных бирж сократились до минимумов. Долгосрочные держатели биткоина не хотят выходить с активом на рынок, объяснил эксперт.