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Leading crypto exchange Binance has accumulated more than $24 billion in inflows from user deposits in 2024 while also surpassing $100 trillion in lifetime trading volume. This growth “aligns with a surge in global adoption of digital assets,” Binance said in a Dec. 11 blog post . Recent developments including a series of regulatory victories, historic price milestones, and the launch of spot Bitcoin ETFs (exchange-traded funds) in the US, Hong King and other large markets drove “millions of users to Binance,” the exchange added. Binance Inflows Almost 3 Times Greater Than Its Next Biggest Competitor Binance’s inflows are almost 3 times greater than that of Bybit, which DefiLlama data shows is the second biggest exchange in terms of inflows after $8.2 billion made its way onto the platform.  In third place is OKX, with its inflows standing at around $5.3 billion. DefiLlama’s list does not include Coinbase and Gemini because of their inadeq...

US spot Bitcoin ETFs (exchange-traded funds) extended their positive inflow streak to eight days after a collective $61.3 million entered the funds on Sep. 30. The fund belonging to asset management giant BlackRock led the way in inflows yesterday with data from Farside Investors showing that its IBIT saw $72.2 million enter its reserves. ARKB And BITB Record Outflows, While Other Funds See No New Flows Fidelity’s FBTC was the only other spot Bitcoin ETF to record net inflows on Monday after investors sent $8.3 million to the fund. Meanwhile, BITB and ARKB  were the only products to suffer net outflows. Data shows that $9.5 million left Ark and 21Shares’ ARKB on Sept. 30. Similarly, $9.7 million was pulled out of Bitwise’s BITB. This is after both of the funds posted net inflows during the two sessions prior to Monday. Good morning, Despite yesterday's price action the Bitcoin ETFs had $61.3 million of positive inflows. Blackrock did $72.2 million. Pri...

In the final week of 2023, crypto currency investments surged with a $243 million inflow, reaching a yearly total of $2.2 billion, fueled by Bitcoin’s substantial 86% share and market optimism. James Butterfill, Head of Research at CoinShares, reported that Bitcoin (BTC) dominated this surge, representing 86% with over $1.9 billion in inflows, followed by Solana’s (SOL) at $167 million. However, multi-asset and BNB exchange-traded products (ETP) defied the trend, experiencing net outflows of $18 million and $1 million, respectively. The final week of 2023 saw US$243m of inflows into digital asset ETPs, bringing 2023 total flows to US$2.2bn. pic.twitter.com/EtdHQWlu2K — James Butterfill (@jbutterfill) January 3, 2024 You might also like: Crypto vs. traditional finance: what investments performed better in 2023 Comparing the data to the previous year, 2023 exhibited increased inflows. In 2022, Bitcoin funds attracted $388 million, constituting 47.5% of th...