Binance strengthens position: $21.67 billion in deposits

cryptocurrency industry continues to grow rapidly, and the largest crypto exchange Binance demonstrates impressive results that strengthen its leadership in the market. In 2024, the volume of user deposits on Binance reached $ 21.67 billion, which is 36% more than the ten closest competitors combined. This success confirmed the platform as the most popular exchange in the industry, confidently ahead of competitors not only in the volume of deposits, but also in the number of active users.

Against the backdrop of the rapid growth of the cryptocurrency sector, Binance continues to show outstanding results. The number of platform users has almost reached the 250 million mark. For comparison, its closest competitor, the Bybit exchange, ranks second with a much smaller result: only 60 million registered users.

One of these tools was the Binance Launchpool platform, a kind of «sandbox» that is aimed at supporting young crypto projects and popular tokens. Launchpool provides users with a unique opportunity to participate in the distribution of new coins through airdrops, using their assets for staking without the risk of losing them.

Interestingly, most of the funds coming to Launchpool remain within the Binance ecosystem, which explains the steady growth in the total volume of deposits. In 2024, such projects as Notcoin, Sui, Ethena, Beam, Scroll, Dogs and others were launched through Launchpool. The 62nd project, Vana, has recently appeared on the platform, the token of which was added under the VANA symbol.