#Binance BTC, ETH outflows lead#
Hot Topic Overview
Overview
Binance continued to lead in Bitcoin (BTC) and Ethereum (ETH) outflow transactions in 2024, becoming the platform with the highest outflow volume among all centralized exchanges (CEXs). According to a report by CryptoQuant analysts, Binance has dominated the BTC and ETH outflow transactions in the cryptocurrency market since 2018. In December 2024, Binance processed nearly 2 million BTC and ETH outflow transactions, setting a new record for exchange activity.
Ace Hot Topic Analysis
Analysis
Binance continues to solidify its position as the leading cryptocurrency exchange in 2024, particularly in terms of Bitcoin (BTC) and Ethereum (ETH) outflows. According to CryptoQuant's analysis, Binance has been ahead of other centralized exchanges (CEXs) since 2018, and this dominance has been further cemented in 2024. Data reveals that Binance has recorded the highest number of BTC and ETH outflows every month in 2024, especially in the final month of 2024, where Binance processed nearly 2 million BTC and ETH outflows, setting a new record for exchange activity. This phenomenon suggests that Binance is dominant in user withdrawals of cryptocurrencies, potentially due to high user trust in Binance and its advantages in trading efficiency and security.
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 BTC and ETH outflows have set new benchmarks, reflecting its significant position in the cryptocurrency market.