Binance anticipates a new golden era for cryptocurrencies.
In 2024, the cryptocurrency industry has reached new milestones that promise to mark a before and after in its evolution. Binance, a global leader in the market, reports an exceptional year with record revenues, growing institutional adoption, and historic regulatory achievements. From the increase in the price of Bitcoin to the success of crypto assets ETFs, everything points to us entering a new golden era for digital assets.
A Year of Historic Milestones for Binance
According to DefiLlama data, Binance has recorded revenues of USD 21.6 billion in 2024, reflecting the global optimism for digital assets. The platform has experienced a massive increase in its user base, reaching 250 million, showcasing the growing confidence and participation of both retail and institutional users.
Bitcoin and ETFs: Market Drivers
The price of Bitcoin has reached historic highs, and the success of Bitcoin ETFs in key markets such as the United States, Brazil, Hong Kong, and Australia has been crucial. According to Binance, BTC ETFs have surpassed the net revenues of gold ETFs, solidifying cryptocurrencies’ position as an attractive alternative in traditional finance.
Growth in Deposits and Institutional Activity
Binance also highlighted a significant increase in average deposits on exchanges. Bitcoin deposits rose from 0.36 BTC in 2023 to 1.65 BTC, while USDT deposits increased from USD 19.6k to USD 230k, reflecting a growing interest from professional and corporate investors.
The Projection of a Golden Era
Richard Teng, CEO of Binance, described 2024 as a historic year for cryptocurrencies: “We are seeing regulatory advancements, price milestones, and an unprecedented integration of cryptocurrencies into traditional financial systems. This could mark the beginning of a new golden era for crypto assets.”
With increasingly widespread adoption and a consolidation of the role of cryptocurrencies in the global economy, Binance anticipates a bright future for the blockchain world.
