Binance Dominates 2024 with Unprecedented Growth and Mainstream Adoption

The year 2024 has been a remarkable one for the cryptocurrency industry, with leading exchanges and entities reaping the benefits of a growing market. Among them, Binance, the world’s largest crypto exchange, has stood out with an impressive market share of nearly 39% among centralized trading platforms.

A Year of Milestones: Binance’s 2024 End-of-Year Report

Binance’s end-of-year report reveals a year of unprecedented growth, with the exchange crushing several milestones and playing a significant role in driving mainstream adoption. The report highlights the exchange’s commitment to mitigating potential losses from hacks and attacks, showcasing its dedication to the crypto community.

Record-Breaking User Assets and Inflows

One of the most notable achievements of Binance in 2024 was exceeding $160 billion in user assets under custody for the first time. This milestone was accompanied by inflows of over $30 billion, surpassing the collective total of the next ten largest crypto exchanges by a significant margin. This growth demonstrates the trust and confidence that users have in Binance, solidifying its position as a leader in the crypto market.

Expansion and Growth: New Countries, Users, and Services

Binance’s expansion efforts in 2024 were remarkable, with the exchange entering 20 new countries and witnessing a 47% growth in registered users. The platform now boasts over 250 million users, with a 50 million increment within just six months. The Binance Pay service also saw a 226% rise in active users, while learners on Binance Academy surged to 44 million, representing a 63% growth.

Enhanced Security and New Products

In addition to its growth and expansion, Binance has also focused on enhancing security and introducing new products. The exchange has topped its payment methods and supported fiat currencies to 1000+ and 125+, respectively. The overall average daily trading volume rose 27%, while the exchange’s margin trading volume skyrocketed by more than 290%. Binance also processed an all-time high of 4,444,000 requests per second.

Commitment to the Community

Binance’s achievements in 2024 were not just about breaking records; they were about creating, amplifying, and shaping trends that resonate with crypto users. The exchange’s actions reflected its deep commitment to the community, whether it was meeting users where they are or being there for them in moments of need.

A Look to the Future

As the crypto industry continues to evolve, Binance is well-positioned to remain a leader in the market. With its commitment to security, innovation, and community, the exchange is likely to continue breaking records and pushing the boundaries of what is possible in the world of cryptocurrency.

Conclusion

In conclusion, Binance’s 2024 end-of-year report is a testament to the exchange’s dedication to the crypto community and its commitment to innovation and security. With its impressive growth, expansion, and new products, Binance is poised to remain a dominant force in the crypto market for years to come.

Source: Cryptopotato.com

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