In 2024, Binance recorded $21.6B in user deposits, more than the next 10 exchanges combined, and became the first platform to exceed $100 trillion in lifetime trading volume. Why it matters As the industry wrestles with market corrections and security breaches, Binance has solidified its reputation as crypto’s go-to safe haven. By the numbers: User fund deposits: $21.6B in 2024 $21.6B in 2024 BTC average deposit: Rose from 0.36 BTC to 1.65 BTC Rose from 0.36 BTC to 1.65 BTC USDT average deposit: Jumped from $19.6K to $230K Jumped from $19.6K to $230K Spot market share in Q1 2025: BTC: 33% → 49% Altcoins: 38% → 44% Total: 45% (TokenInsight) Zoom in When a peer exchange suffered a $1.4B hack in February 2025, users rushed to Binance.
Net inflows hit $3.97B in just one week—10x more than nine other major exchanges combined. State of play Even as trading volumes across the crypto space plummeted in Q1 2025 (BTC: $44B → $10B, Altcoins: $122B → $23B), Binance gained share. During high-volatility events, it processed more volume than all competitors combined.
Trust signals Binance prevented $4.2B in fraud-related losses in 2024 SAFU fund remains a $1B emergency buffer 270M+ users as of April 2025 Institutional user base grew 97% in 2024 MGX invested $2B in Binance, fully in crypto The bottom line In every market phase—bull runs, black swans, or bear lulls—Binance remains the constant. As crypto matures, the industry’s “flight to quality” increasingly has just one destination.
