In 2024, cryptocurrency exchanges experienced significant increases in average deposits, particularly led by Binance. An analysis by CryptoQuant revealed that Binance's average daily Bitcoin deposit rose by 2.77 BTC, surpassing competitors like Kraken and Coinbase. Overall, average Bitcoin deposits increased from 0.36 BTC in 2023 to 1.65 BTC in 2024. Similarly, Tether stablecoin deposits surged, indicating greater institutional investor participation. Binance achieved a record daily Bitcoin deposit of 6.85 BTC on November 3, valued at approximately $465,000, with USDT deposits peaking at $303,000. Richard Teng, Binance's CEO, noted a 40% increase in corporate clients throughout 2024. This positive trend in investor sentiment was partly attributed to Donald Trump's reelection campaign, which promised clearer cryptocurrency regulations. Additionally, the rise of new financial products like spot Bitcoin ETFs, which attracted over $30 billion in assets, has also boosted institutional interest in digital assets.

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