Bitcoin

Bitcoin

$108,354.18

BTC -0.48%

Ethereum

Ethereum

$2,547.78

ETH -0.98%

  • Login
  • Register
Metaverse Media Group
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
No Result
View All Result
Metaverse Media Group

Binance 2024 Inflows Are Nearly 40% Higher Than 10 Closest Competitors

Binance 2024 Inflows Are Nearly 40% Higher Than 10 Closest Competitors

Be In Cryptoby Be In Crypto
5 December 2024
Binance, the world’s leading crypto exchange, saw 2024 inflows almost 40% higher than the next ten largest competitors combined. The firm has maintained advantages and diversified income in a chaotic market environment. Binance CEO Richard Teng shared the insights with BeInCrypto. Binance’s 2024 Journey According to a report shared with BeInCrypto, Binance, the major crypto exchange, is significantly leading…

Binance, the world’s leading crypto exchange, saw 2024 inflows almost 40% higher than the next ten largest competitors combined. The firm has maintained advantages and diversified income in a chaotic market environment.

Binance CEO Richard Teng shared the insights with BeInCrypto.

Binance’s 2024 Journey

According to a report shared with BeInCrypto, Binance, the major crypto exchange, is significantly leading in inflows. Specifically, according to data from DeFiLlama, Binance’s 2024 crypto asset inflows are nearly 40% higher than those of its 10 closest competitors combined.

Binance 2024 Inflows
Binance 2024 Inflows. Source: DeFiLlama
Sponsored
.divm, .divd {display: none;}
@media screen and (max-width: 768px) {.divm {display: block;}}@media screen and (min-width: 769px) {
.divd {display: block;}}

Sponsored

This lead is particularly impressive, considering some chaotic developments at Binance and the wider crypto market in 2024. Former CEO Changpeng “CZ” Zhao served his entire prison sentence for money laundering charges this year and has been banned from serving as CEO for life. Binance has since taken a more proactive approach to regulatory compliance.

Binance has also benefited from the ETF approval and the subsequent capital inflows into the crypto market. CEO Richard Teng claimed in an interview that institutional and corporate investment increased by over 40% this year. Even though the firm has no direct connection to the ETF market, it nonetheless benefitted significantly.

The firm has also explored novel revenue streams in the crypto space. For example, Binance Research analyzed the meme coin boom in 2024 and sought to capitalize on it. This led to a string of prominent new meme coin listings, many of which subsequently exploded.

Additionally, Binance claims that as of November 11, over 80% of meme coins listed on the exchange experienced a major surge after the listing.

This new meme coin ambition, however, has not detracted from the core business model. Binance still leads on Bitcoin inflows, compared to all other exchanges. The firm is maintaining its previous advantages, and new CEO Richard Teng is looking forward to further conventional growth:

“2024 has been a landmark year for the crypto industry, and we are incredibly grateful to our 244 million users, and counting, who continued to trust Binance as their chosen platform for trading. Their unwavering support and confidence drives us to innovate and provide the best possible experience in the world of digital assets,” Teng told BeInCrypto.

Nonetheless, the company still faces some difficulties. Despite Teng’s attempts to prioritize regulatory compliance, Cambodia banned Binance this week. Additionally, the Indian government declared that Binance owes $85 million in unpaid taxes.

Both of these instances suggest its legal troubles aren’t over.

.aff-primary {
display: none;
}
.aff-secondary {
display: block;
}
.aff-ternary {
display: none;
}

Disclaimer

In adherence to the Trust Project guidelines, BeInCrypto is committed to unbiased, transparent reporting. This news article aims to provide accurate, timely information. However, readers are advised to verify facts independently and consult with a professional before making any decisions based on this content. Please note that our Terms and Conditions, Privacy Policy, and Disclaimers have been updated.

Sponsored

Sponsored

image-10-1.png
Landon Manning is a journalist at BeInCrypto, covering a wide range of topics, including international regulation, blockchain technology, market analysis, and Bitcoin. Previously, Landon spent six years as a writer with Bitcoin Magazine and co-authored a Bitcoin maximalist newsletter with 30,000 subscribers. Landon holds a Bachelor of Arts in Philosophy from Sewanee: The University of the South.

Landon Manning is a journalist at BeInCrypto, covering a wide range of topics, including international regulation, blockchain technology, market analysis, and Bitcoin. Previously, Landon spent six years as a writer with Bitcoin Magazine and co-authored a Bitcoin maximalist newsletter with 30,000 subscribers. Landon holds a Bachelor of Arts in Philosophy from Sewanee: The University of the South.


READ FULL BIO

Sponsored

#placement_727536_0{ width: 100%;
height: 100%;}

#placement_727536_0_iframe{ width: 100%;
height: 100%;}

Sponsored

RELATED NEWS

26 mins ago

56 mins ago

1 hour ago

2 hours ago

3 hours ago

Read the full article on BeInCrypto.com
in AI, Crypto
Reading Time: 5 mins read
0
0
24
VIEWS
Share on TwitterShare on Facebook

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now

Subscribe to our newsletter

For the latest news & monthly prize giveaways
Join Now
ADVERTISEMENT

Related Posts

TON Foundation Clarifies Details of Golden Visa Staking Program
Crypto

TON Foundation Clarifies Details of Golden Visa Staking Program

1 hour ago
19
The Blockchain Group Acquires 116 Bitcoin, Total Holdings Reach 1,904 BTC With 1,348.8% YTD Yield
Crypto

The Blockchain Group Acquires 116 Bitcoin, Total Holdings Reach 1,904 BTC With 1,348.8% YTD Yield

2 hours ago
21
Russia Compiles Crypto Mining Equipment Register to Boost Oversight
Crypto

Russia Compiles Crypto Mining Equipment Register to Boost Oversight

3 hours ago
19

Comments

Please login to join discussion
ADVERTISEMENT

Latest News

  • All
  • Crypto
  • NFTs
  • Technology
  • Business
TON Foundation Clarifies Details of Golden Visa Staking Program
Crypto

TON Foundation Clarifies Details of Golden Visa Staking Program

Bitcoin.com News
by Bitcoin.com News
1 hour ago
19
The Blockchain Group Acquires 116 Bitcoin, Total Holdings Reach 1,904 BTC With 1,348.8% YTD Yield
Crypto

The Blockchain Group Acquires 116 Bitcoin, Total Holdings Reach 1,904 BTC With 1,348.8% YTD Yield

Bitcoin.com News
by Bitcoin.com News
2 hours ago
21
Russia Compiles Crypto Mining Equipment Register to Boost Oversight
Crypto

Russia Compiles Crypto Mining Equipment Register to Boost Oversight

Bitcoin.com News
by Bitcoin.com News
3 hours ago
19
Jack Dorsey Launches Bluetooth-Based Bitchat Over the Weekend
Crypto

Jack Dorsey Launches Bluetooth-Based Bitchat Over the Weekend

Bitcoin.com News
by Bitcoin.com News
4 hours ago
20
Lost or Just Waiting to be Spent? The Curious World of Sleeping Bitcoins Explained
Crypto

Lost or Just Waiting to be Spent? The Curious World of Sleeping Bitcoins Explained

Bitcoin.com News
by Bitcoin.com News
5 hours ago
21
Murano Global Ignites Strategic Bitcoin Stack Backed by Real Estate Capital
Crypto

Murano Global Ignites Strategic Bitcoin Stack Backed by Real Estate Capital

Bitcoin.com News
by Bitcoin.com News
6 hours ago
21
Load More
Next Post
UK Drug Ring Tied to Russian Crypto Laundering Network, 84 Arrests Made

UK Drug Ring Tied to Russian Crypto Laundering Network, 84 Arrests Made

ADVERTISEMENT

Follow Us

Categories

  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
  • Crypto
  • NFTs
  • AI
  • Technology
  • Business
Subscribe to our Newsletter

© 2022 Metaverse Media Group – The Metaverse Mecca

Privacy and Cookie Policy | Sitemap

Welcome Back!

Sign In with Google
OR

Login to your account below

Forgotten Password? Sign Up

Create New Account!

Sign Up with Google
OR

Fill the forms below to register

*By registering into our website, you agree to the Terms & Conditions and Privacy Policy.
All fields are required. Log In

Retrieve your password

Please enter your username or email address to reset your password.

Log In
No Result
View All Result
  • Home
  • Crypto
  • NFTs
  • Artificial Intelligence
  • More
    • Technology
    • Business
    • Newsletter
Bitcoin

Bitcoin

$108,354.18

BTC -0.48%

Ethereum

Ethereum

$2,547.78

ETH -0.98%

  • Login
  • Sign Up
This website uses cookies. By continuing to use this website you are giving consent to cookies being used. Visit our Privacy and Cookie Policy.

Subscribe to our newsletter

Get the latest news & win monthly prizes

Subscribe to our newsletter

For the Latest News and Monthly Prize Giveaways

Join Now
Join Now