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In 2024, Binance consolidated its position as a leader in the Cryptocurrency market, achieving revenues of USD 21.6 billion, 36% more than the combined revenues of the next 10 exchanges according to DeFiLlama. This performance reflects global optimism around digital assets, driven by regulatory milestones, the approval of Bitcoin ETFs, and growing institutional adoption.
Binance, the exchange with the most revenue in 2024. Source: DeFiLlama
Binance Highlights in 2024
Impact of Bitcoin ETFs
The launch of Bitcoin ETFs in key markets such as the United States, Brazil and Hong Kong marked a before and after in the industry. These instruments facilitated the entry of institutional investors, contributing to the price rebound and growth of digital assets in the traditional financial sphere.
In 2024, revenue from Bitcoin ETFs surpassed gold ETFs, cementing cryptocurrencies’ place as a pillar of modern finance.
Words from the CEO of Binance
Richard Teng, CEO of Binance, expressed his gratitude to users:
“2024 has been a historic year for the cryptocurrency industry, and we are incredibly grateful to our 244 million users for their trust in Binance. “This support motivates us to innovate and offer the best experience in the world of digital assets.”
Binance Historical Milestones
- Historical total volume: First exchange to surpass $100 billion in lifetime volumes, according to CCData.
- Leadership in institutional deposits: Binance recorded the largest increase in average Bitcoin deposits among major exchanges, highlighting its role in institutional growth.
The road to 2025
Binance continues to lead the cryptocurrency market, preparing to capitalize on the opportunities of a constantly evolving sector. With the support of its global user base and growing institutional interest, Binance reinforces its position as the preferred platform for trading in the world of digital assets.
This year not only cements Binance as a leader, but also sets a precedent for the future of cryptocurrencies in global finance.
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