Binance Projects Significant Fund Inflows for 2024

Since the beginning of the year, fund inflows to Binance have reached $21.7 billion—nearly 40% more than the $15.9 billion combined total of the next 10 exchanges in the ranking. This is according to a report from the platform.

Binance’s global customer base has grown to 250 million users.

According to CryptoQuant, the average deposit in Bitcoin on exchanges increased from 0.36 BTC to 1.65 BTC, and in USDT—from $19,600 to $230,000, reflecting the growing participation of professional and corporate investors.

On Binance, the figures rose by 2.77 BTC and $94,000, respectively. The Tether value across the sector was influenced by large deposits on Bitfinex from the stablecoin issuer.

Binance became the first CEX to surpass $100 trillion in trading volume over its lifetime, according to CCData.

In 2024, the dynamics were driven by major regulatory victories, new ATH, and the approval of Bitcoin ETFs in the US, Brazil, Hong Kong, and Australia, “which strengthened the confidence of institutional and retail investors.”

Over the year, inflows into exchange-traded funds based on the first cryptocurrency exceeded those of gold-based competitors, which “indicates the growing significance of this new asset class.”

Company representatives highlighted the dynamics of Binance Launchpool. Most client funds remain on the platform, they emphasized.

Earlier, Circle and Binance joined forces to promote USDC.

In December, Binance launched the On-chain Yields financial product service. The first in the lineup was the Bitcoin staking project Babylon.

In November, the platform introduced the margin asset BFUSD with passive income.

In October, Binance announced the launch of a token premarket. The first was SCR from Scroll.