Binance’s impressive inflow figures: In 2024, Binance garnered over 24 billion USD from user deposits, outperforming the top ten other cryptocurrency exchanges combined. This surge indicates a robust market position led by active participation from institutional investors.
User growth and regulatory support: The global user base for Binance has surged to around 250 million, driven by favorable regulations and the introduction of spot Bitcoin exchange-traded funds (ETFs) in key markets like the United States and Hong Kong.
Bitcoin and USDT deposit increase: The average Bitcoin deposit on Binance ROSE from 0.36 BTC to 1.65 BTC, while Tether (USDT) deposits jumped from 19,600 USD to 230,000 USD, reflecting increasing institutional interest in the platform.