Recently, there has been a notable increase in institutional deposits on the Binance exchange, demonstrating growing confidence from major investors in the crypto market.
Trend in Bitcoin Deposit Growth
Bitcoin deposits across exchanges have grown from an average of 0.36 BTC per day in 2023 to 1.65 BTC in 2024, driven by rising institutional interest.
Institutional Deposits on Binance
Binance has seen institutional deposits grow faster than other major exchanges. The average daily Bitcoin deposits increased by 2.77 BTC on Binance, compared to 0.56 BTC on Kraken and 0.41 BTC on Coinbase. Additionally, the daily USDT deposits on Binance reached $303,000, a significant rise from previous figures.
Impact of Institutional Demand on Crypto Market
The increase in institutional interest, bolstered by the launch of ETFs and expectations of favorable regulations, is leading to more investments in crypto. Exchanges like Binance are capturing this capital, helping to establish cryptocurrencies as a mature financial asset with significant institutional backing.
Institutional investments in cryptocurrencies continue to rise rapidly, cementing Binance's leadership in the market. This trend reflects a shift from retail to professional investor interest, reinforcing the status of cryptocurrencies as a mature financial instrument.
