#Binance BTC, ETH outflows lead#
Hot Topic Overview
Overview
Binance continued to dominate Bitcoin and Ethereum outflows in 2024, processing the highest number of BTC and ETH outflows among all centralized exchanges. According to CryptoQuant's analysis, Binance has held this dominance since 2018 and processed nearly 2 million BTC and ETH outflows in the last month of 2024, setting a new record for exchange activity.
Ace Hot Topic Analysis
Analysis
Binance continued to dominate the outflow volume of Bitcoin (BTC) and Ethereum (ETH) in 2024, solidifying its position as the top platform for outflow transactions among all centralized exchanges (CEXs). According to CryptoQuant's analysis, Binance has been the leading platform for BTC and ETH outflow volume in the cryptocurrency market since 2018. This trend continued in 2024, with Binance recording the highest monthly BTC and ETH outflow volume among all CEXs. Notably, in the final month of 2024, Binance processed nearly 2 million BTC and ETH outflow transactions, setting a new record for exchange activity. This phenomenon indicates Binance's significant role in the cryptocurrency market, highlighting the high level of trust and usage among its users.
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 for exchange activity.