Degen

Institutional investors have played a large role in Binance's $24.2 billion in net inflows so far in 2024. According to data from DefiLlama, the digital currency exchange Binance has received more than $24 billion in inflows from user deposits so far in 2024. Binance said in a blog post that its inflows outpaced all 10 other exchanges combined, attributing the growth to a global increase in adoption of digital assets.
The firm cited factors such as regulatory successes, historic price milestones and the launch of bitcoin exchange-traded funds in major markets as key drivers. Binance said in a Dec. 12 report that these improvements have driven millions of users to Binance, increasing its global user base to nearly 250 million.