Binance Records $24 Billion Inflows In 2024 As The Exchange Surpasses $100 Trillion In Lifetime Trading Volume
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...