Binance attracted $21.6 billion in user deposits in 2024, which is 36% more than the combined volumes of the next 10 cryptocurrency exchanges in the ranking.
The average BTC deposit on exchanges increased from 0.36 BTC to 1.65 BTC, while USDT deposits increased from $19,600 to $230,000. These large deposits reflect growing interest from professional and corporate investors.
Binance became the first CEX to surpass $100 trillion in lifetime trading volume, according to CCData.