#Binance BTC, ETH outflows lead#
Hot Topic Overview
Overview
Binance continued to dominate Bitcoin and Ethereum outflow transaction volume in 2024, emerging as the platform with the highest outflow volume among all centralized exchanges. According to CryptoQuant's analysis, Binance recorded the highest BTC and ETH outflow transaction volume every month in 2024, processing nearly 2 million BTC and ETH outflows in the final month of 2024, setting a new benchmark for exchange activity. This trend indicates that Binance remains a dominant force in the cryptocurrency market and continues to attract a large number of users for trading.
Ace Hot Topic Analysis
Analysis
Binance continued to dominate the outflow volume of Bitcoin (BTC) and Ethereum (ETH) in 2024, a trend that has persisted since 2018. According to CryptoQuant's analysis, Binance has consistently recorded the highest monthly BTC and ETH outflow volume among all centralized exchanges (CEXs). Notably, in the final month of 2024, Binance processed nearly 2 million BTC and ETH outflows, setting a new record for exchange activity. This phenomenon highlights Binance's significant role in the cryptocurrency market, with its trading volume and user base leading the pack.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance dominated Bitcoin and Ethereum outflows in 2024, processing nearly 2 million BTC and ETH outflows.
Binance has consistently led the cryptocurrency market in terms of BTC and ETH outflows, maintaining this dominance since 2018.
Binance recorded the highest monthly BTC and ETH outflows among all centralized exchanges (CEXs) in 2024.
Binance's outflows set a new benchmark, highlighting its significant position in the cryptocurrency market.