On the 3rd (local time), blockchain data provider CryptoQ
According to an analysis by CoinBitcoin.com, Binance's average daily Bitcoin deposits have increased by 2.77 BTC in a year, compared with 0.56 BTC for competitor Kraken.
This outpaces Coinbase's 0.41 BTC increase. Data across exchanges shows that the average Bitcoin deposit size is expected to grow by 0.36 in 2023.
1.65 BTC in 2024, while deposits of Tether's USDT stablecoin also surged from $19,600 to $230,000.
This indicates that institutional investors and market makers are increasingly entering the exchange. Cryptoquant said, "Similar to Bitcoin, large USDT deposits are primarily coming from institutional investors and market makers.
"These transactions are conducted by market makers," he said. Binance set a new daily record on November 3rd with 6.85 BTC deposits, which is roughly $465,000, up from the previous record.
It also recorded $303,000 in daily USDT deposits, the highest since March 2022.
According to CNBC, Binance CEO Richard Teng
Teng revealed in September that it had a 40% increase in corporate customers by 2024.
2024/12/04 12:15 KST
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