{"id":146432,"date":"2025-01-10T14:30:27","date_gmt":"2025-01-10T12:30:27","guid":{"rendered":"https:\/\/cryptodnes.bg\/en\/?p=146432"},"modified":"2025-01-10T12:17:15","modified_gmt":"2025-01-10T10:17:15","slug":"binance-leads-in-bitcoin-and-ethereum-outflows-dominating-the-crypto-market-in-2024","status":"publish","type":"post","link":"https:\/\/cryptodnes.bg\/en\/binance-leads-in-bitcoin-and-ethereum-outflows-dominating-the-crypto-market-in-2024\/","title":{"rendered":"Binance Leads in Bitcoin and Ethereum Outflows, Dominating the Crypto Market in 2024"},"content":{"rendered":"

In December 2024 alone, the platform saw<\/a> <\/strong>nearly 2 million transactions related to the outflow of these two major digital assets. This solidifies Binance\u2019s status as the leading exchange for both BTC and ETH withdrawals, a position it has maintained since 2018.<\/p>\n

Despite a shift in the U.S. market due to the rise of crypto exchange-traded funds (ETFs), Binance has held onto its market leadership. The sheer volume of its outflow transactions demonstrates its deep liquidity and robust infrastructure, further establishing the exchange as a critical gateway for crypto trading withdrawals. This milestone was achieved even after the departure of CEO Changpeng \u2018CZ\u2019 Zhao in 2023, marking a notable period of transition for the platform.<\/p>\n

Exchanges like Binance have played an essential role in the broader development of the cryptocurrency market. Coinbase, for example, has become a key custodian for Bitcoin<\/a> <\/strong>and Ethereum<\/a> <\/strong>ETFs and continued to expand its offerings for retail investors with new token listings like MOG Coin and Moo Deng. Binance and its competitors have kept pace by listing more diverse assets beyond BTC and ETH, further contributing to the sector\u2019s evolution.<\/p>\n