#Binance BTC, ETH outflows lead#
Hot Topic Overview
Overview
Binance continued to lead the cryptocurrency market in terms of Bitcoin (BTC) and Ethereum (ETH) outflow transactions in 2024, a trend that was particularly pronounced in December 2024, when Binance processed nearly 2 million BTC and ETH outflow transactions, setting a new record for exchange activity. CryptoQuant analysts noted that Binance has consistently held the top spot in terms of BTC and ETH outflow transactions since 2018, and continued to maintain this dominance in 2024, becoming the platform with the highest monthly BTC and ETH outflow transaction volume among all centralized exchanges (CEXs).
Ace Hot Topic Analysis
Analysis
Binance continued to lead in Bitcoin (BTC) and Ethereum (ETH) outflow transaction volume in 2024, a trend that has persisted since 2018. CryptoQuant analysts noted that Binance recorded the highest monthly BTC and ETH outflow transaction volume among all centralized exchanges (CEXs), particularly in the last month of 2024, where Binance processed nearly 2 million BTC and ETH outflow transactions, setting a new record for exchange activity. This phenomenon suggests that Binance plays a significant role in the cryptocurrency market, with both its trading volume and user base leading the pack. However, the specific reasons remain unclear, potentially due to Binance's high trading volume, large user base, or its stronger liquidity, attracting more users to trade.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance processed a large volume of BTC and ETH outflows in 2024, setting a new record for exchange activity.
Binance has consistently led the cryptocurrency market in terms of BTC and ETH outflow volume, a trend that continued in 2024.
Binance recorded the highest monthly BTC and ETH outflow volume among all centralized exchanges (CEXs) in 2024.
Binance's dominance in BTC and ETH outflows highlights its significant position in the cryptocurrency market.