#Binance BTC, ETH outflows lead#
Hot Topic Overview
Overview
Binance continued to dominate Bitcoin and Ethereum outflow transaction volume in 2024, boasting the highest monthly BTC and ETH outflow transaction volume among all centralized exchanges. According to CryptoQuant's analysis, Binance has been a dominant force in the cryptocurrency market since 2018, processing nearly 2 million BTC and ETH outflow transactions in December 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, a trend that has persisted since 2018. According to CryptoQuant's analysis, Binance has consistently recorded the highest monthly BTC and ETH outflow volume among all centralized exchanges (CEXs). Notably, in the final month of 2024, Binance processed nearly 2 million BTC and ETH outflows, setting a new record for exchange activity. This phenomenon highlights Binance's significant role in the cryptocurrency market and the continued high demand for BTC and ETH trading 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 Bitcoin and Ethereum outflows, maintaining its 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, reflecting its significant position in the cryptocurrency market.