Institutional investors have played a large role in Binance’s $24.2 billion net inflows so far in 2024.
Cryptocurrency exchange Binance has racked up over $24 billion in inflows from user deposits in 2024, according to data from DefiLlama.
In a blog where Binance said its inflows were higher than 10 exchanges combined, Binance said the “growth aligns with a surge in global adoption of digital assets” — pointing to regulatory victories, historic price milestones, and the spot Bitcoin exchange-traded funds launching in the United States, Hong Kong and other large markets.
“These developments have driven millions of users to Binance, increasing its global user base to almost 250 million people,” Binance said in the Dec. 12 report.
