2024

Bitcoin

Million

Coin

<ul class="news-points">
 <li><strong>Binance dominated Q2 2024 with $908 million in capital inflows.</strong></li>
 <li><strong>Bitcoin and Tether are the most traded assets on Binance.</strong></li>
 <li><strong>Significant capital inflows highlight confidence in centralized exchanges.</strong></li>
</ul>
<p>Binance, the world’s largest cryptocurrency exchange, continues to lead the market in capital inflows, according to a new report. The exchange attracted a staggering $908 million in Q2 2024, further solidifying its position at the forefront of the industry.</p>
<figure class="wp-block-embed is-type-rich is-provider-twitter wp-block-embed-twitter">
 <div class="wp-block-embed__wrapper">
  <blockquote class="twitter-tweet" data-width="550" data-dnt="true">
   <p lang="ht" dir="ltr">Top 10 CEX by Capital Inflow in Q2 2024<a href="https://twitter.com/binance?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@binance</a> +$908M<a href="https://twitter.com/bitfinex?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@bitfinex</a> +$709M<a href="https://twitter.com/bitgetglobal?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@bitgetglobal</a> +$561M<a href="https://twitter.com/Bybit_Official?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Bybit_Official</a> +$465M<a href="https://twitter.com/gate_io?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@gate_io</a> +$400M<a href="https://twitter.com/MaskEXGlobal?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@MaskEXGlobal</a> +$177M<br>Korbit +$39.0M<a href="https://twitter.com/Phemex_official?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Phemex_official</a> +$17.2M<a href="https://twitter.com/Coinsquare?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@Coinsquare</a> +$15.8M<a href="https://twitter.com/RobinhoodApp?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">@RobinhoodApp</a> +$14.6M <a href="https://t.co/UwN4kqOAMu" target="_blank" rel="noopener noreferrer nofollow">pic.twitter.com/UwN4kqOAMu</a></p>— CryptoRank.io (@CryptoRank_io) <a href="https://twitter.com/CryptoRank_io/status/1809181019246903692?ref_src=twsrc%5Etfw" target="_blank" rel="noopener noreferrer nofollow">July 5, 2024</a>
  </blockquote>
  <script async src="https://platform.twitter.com/widgets.js" charset="utf-8"></script>
 </div>
</figure>
<p>Trailing behind Binance, Bitfinex garnered $709 million in capital inflows, while Bitget Global secured third place with $561 million. Bybit and Gate.io followed closely with $465 million and $400 million, respectively, rounding out the top five exchanges.</p>
<p>The significant capital inflows into Binance and other major exchanges highlight the continued confidence and interest in centralized platforms within the cryp…</p>
<p>The post <a href="https://coinedition.com/binances-winning-formula-how-the-exchange-captured-908-million-in-q2-2024/" rel="noopener noreferrer nofollow">Binance’s Winning Formula: How the Exchange Captured $908 Million in Q2 2024</a> appeared first on <a href="https://coinedition.com" rel="noopener noreferrer nofollow">Coin Edition</a>.</p>

Binance’s Winning Formula: How the Exchange Captured $908 Million in Q2 2024

Coin Edition

Other articles published on Jul 8, 2024

1inch Network (1INCH) Price Prediction 2025, 2026, 2027, 2028, 2029 and 2030

Bitcoin Panic Selling: Top Altcoins Experts Say You Must Buy Now

Why Is Bitcoin Down On Monday? Experts Monitor 4 Key Factors

Daily Market Review: BTC, ETH, PEPE, WIF, ENA

Qubetics Whitelist Emerges as the Ticket to Prosperity Outperforming Chainlink and Internet Computer

Shiba Inu and AVAX Price Rising: Buy or Sell or Hodl?

Join our free newsletter for daily crypto updates!