#Binance BTC, ETH outflows lead#

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Binance continued to dominate Bitcoin and Ethereum outflows in 2024, emerging as the platform with the highest BTC and ETH outflow volume among all centralized exchanges. According to CryptoQuant data, Binance recorded the highest BTC and ETH outflow volume every month in 2024, particularly in the final month of 2024, where Binance processed nearly 2 million BTC and ETH outflows, setting a new record for exchange activity.

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Analysis

Binance continued to dominate Bitcoin and Ethereum outflows in 2024. According to CryptoQuant data, Binance has been the exchange with the highest number of BTC and ETH outflows in the cryptocurrency market since 2018. This trend continued in 2024, with Binance recording the highest monthly BTC and ETH outflows among all centralized exchanges. Notably, in the last month of 2024, Binance processed nearly 2 million BTC and ETH outflows, setting a new record for exchange activity. This phenomenon suggests that Binance holds a dominant position in user fund withdrawals, potentially driven by user caution towards the cryptocurrency market outlook or a shift in user preference to other platforms or investments.

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Binance processed a large volume of BTC and ETH outflows in 2024, setting a new record for exchange activity.

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Binance has consistently led the cryptocurrency market in terms of BTC and ETH outflow volume, and this dominance remained strong in 2024.

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Binance recorded the highest monthly BTC and ETH outflow volume among all centralized exchanges (CEXs).

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Binance processed nearly 2 million BTC and ETH outflows in the final month of 2024.

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