Binance remains leader. The end of 2023 had been more than difficult for the crypto-stock market group Binance. His troubles with American regulators led him to pay record multibillion-dollar finesand its founder Changpeng “CZ” Zhao had to resign from his position as CEObefore undergoing 4 months of imprisonment by the USA. But 2024 will have been the year of renewal for the exchange. Binance indeed records a very good results for this almost past year.
- Binance overcame a difficult end to 2023, marked by record fines and the forced resignation of its founder, to record an exceptional record in 2024.
- The exchange has attracted nearly 250 million users since its creation, and is still consolidating its leading position in the sector of cryptocurrency exchange platforms.
Binance: still the most powerful CEX in the crypto sector
The group Binance has recently published a first assessment of its activity for 2024and this year will clearly have been a great success for the giant of centralized cryptocurrency exchange platforms (CEX).
According to DeFiLlama data, on $146 billion of assets held by the exchange, $24 billion net entered this past year. The Binance teams proudly point out that it is “ 36% more that the combined total of Next 10 exchanges » listed by DeFiLlama (but which does not take into account Coinbase or Kraken for example).
Richard Teng welcomes the 250 million users of his crypto-exchange
The Binance report also presents encouraging figures (from CryptoQuant analysts) on the arrival of rich institutional investors on centralized exchanges.
Indeed, according to the press release, “the average deposit in Bitcoin (BTC) on all exchanges has passed from 0.36 BTC to 1.65 BTCand stablecoin deposits USDT jumped from $19,600 to $230,000 ».
At the same time, the new CEO of Binance, Richard Tengis happy to see more and more users choose your exchange platform:
“2024 was a landmark year for the cryptocurrency industry, and we are incredibly grateful to our nearly 250 million users (…) who continue to trust Binance as their exchange. »
Richard Teng, CEO of Binance.
Even if its performance of Binance still makes it the leader of the Bitcoin & Co sector, the exchange has understood that there is strength in unity. Indeed, very recently, the crypto exchange platform partnered with Circle (the issuer of stablecoins USDC et EURC) to jointly support the development of crypto-assets around the world.
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