#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 leading position since 2018 and set a new record in December 2024, processing nearly 2 million BTC and ETH outflows. This data indicates Binance's significant role in the cryptocurrency market, with its large trading volume and user base.
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 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 data suggests that Binance plays a significant role in the cryptocurrency market, with users on its platform actively moving their digital assets elsewhere. While the specific reasons for these outflows remain unclear, they could be related to user concerns about market sentiment, portfolio adjustments, or other strategies.
Public Sentiment · Discussion Word Cloud
Public Sentiment
Discussion Word Cloud
Classic Views
Binance processed a large volume of BTC and ETH outflows in 2024, setting a new record for exchange activity.
Binance has consistently led the cryptocurrency market in terms of BTC and ETH outflow volume, maintaining its dominance since 2018.
Binance had the highest monthly BTC and ETH outflow volume among all centralized exchanges (CEXs) in 2024.
Binance processed nearly 2 million BTC and ETH outflows in the last month of 2024.