The market continues to grow, and Binance has a net inflow of US$1 billion for two consecutive weeks

Binance has recorded increasing inflows as its asset reserves grow, underscoring the strength of the platform and the increasing popularity of crypto-assets in global finance. Increased user engagement in the wake of the U.S. election further highlights the industry’s growing role in mainstream financial and policy discussions.

Binance, the world's leading blockchain ecosystem and cryptocurrency exchange with the largest trading volume and number of users, has achieved $1 billion in funding for two consecutive weeks Net inflows, according to DeFiLlama data, Binance’s net inflows in November have exceeded $5 billion, which is five times the net inflows of the second largest platform. This significant growth highlights Binance’s position as the trading platform of choice amid rising market demand and growing interest in crypto assets.

On November 6 (Wednesday), Binance App received more than 13 million visits in a single day, which is in line with the attention paid after the results of the US presidential election were announced. The rising echoes. Driven by this trend, Binance's user asset holdings have reached $130 billion, according to DeFiLlama records, the highest user asset holdings since Binance began disclosing proof of reserves two years ago. Meanwhile, CryptoQuant reported that Binance’s reserve percentage, which shows the proportion of reserves held by Binance as a proportion of all exchange reserves, climbed to 25% this month, up 4% from 21% in November 2023. These milestones further validate users’ long-standing trust in Binance as a platform to securely manage and protect their digital assets.

The recent surge in user activity also reflects broader market trends: Bitcoin (BTC) prices are up nearly 20% since November 5, The price of Ethereum (ETH) soared by 30%. These price movements highlight the role of cryptoassets as a key component of the modern financial system.

Richard Teng, CEO of Binance, said: "During this period when currency prices hit new highs, Binance has seen continuous inflows of billions of dollars in capital and an increase in its reserve ratio. , all demonstrate the strength and resilience of Binance and become the choice of nearly 240 million users around the world. This also reflects the increasing popularity and growth of crypto assets in the global financial field. ”

"There is also increased discussion around cryptocurrencies during major political events such as the U.S. presidential election, demonstrating the growing role cryptocurrencies play in shaping the future of finance and policy. We are indeed witnessing crypto. A golden age for money, its potential is being embraced and realized globally,” added Richard.

As the crypto asset industry continues to grow and integrate into public discussions, Binance will continue to be committed to providing a secure, transparent, and comprehensive crypto ecosystem to users around the world.