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

• Binance dominated Q2 2024 with $908 million in capital inflows.
• Bitcoin and Tether are the most traded assets on Binance.
• Significant capital inflows highlight confidence in centralized exchanges.

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.

Top 10 CEX by Capital Inflow in Q2 2024@binance +$908M@bitfinex +$709M@bitgetglobal +$561M@Bybit_Official +$465M@gate_io +$400M@MaskEXGlobal +$177M
Korbit +$39.0M@Phemex_official +$17.2M@Coinsquare +$15.8M@RobinhoodApp +$14.6M pic.twitter.com/UwN4kqOAMu

— CryptoRank.io (@CryptoRank_io) July 5, 2024

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.

The significant capital inflows into Binance and other major exchanges highlight the continued confidence and interest in centralized platforms within the cryp…

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