Dec 14, 07:36 AM

Binance Reports $24 Billion Inflows, $22 Billion Stablecoin Inflow, Driving Bitcoin to $100K

In 2024, Binance reported significant inflows totaling $24 billion, attributed to a growing global adoption of digital assets. The exchange's inflows surpassed those of the next ten exchanges combined, reflecting a 36% lead over its competitors. Notably, Binance recorded $22 billion in stablecoin inflows, increasing its market share to 16.8%, up from just 4% in 2023. This influx of capital has had a substantial impact on Bitcoin's price, which recently reached $100,000. The liquidity provided by Binance's reserves has been a key driver in this price surge, with the exchange demonstrating strong institutional interest and engagement within the cryptocurrency market.

#Binance #Bitcoin

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