The post Binance Sets New Standards in 2024 appeared on BitcoinEthereumNews.com.

A recent international survey conducted by Binance reveals a promising future for artificial intelligence (AI) altcoins, with nearly 24% of respondents identifying them as the most promising investment opportunity. Following closely behind are meme coins, which garnered 19% of the interest, while decentralized finance (DeFi) altcoins and Layer-1 altcoins captured 12.37% and 12.28%, respectively. Additionally, 16.1% of respondents report holding meme coins, and Bitcoin (BTC) ranks second among the assets held with 14.44%. 2024 Sees Binance Surpassing Expectations The cryptocurrency landscape has seen remarkable achievements in 2024, particularly for Binance, which has recorded a staggering user fund inflow of $21.6 billion, outpacing nearly 40% of the total inflows from the following ten largest exchanges, according to data from DefiLlama. How Have Spot Bitcoin ETFs Impacted Investments? The emergence of spot Bitcoin ETFs this year has greatly simplified access to cryptocurrencies for institutional investors. This has resulted in substantial funding influxes, with net inflows into spot Bitcoin ETFs surpassing those of gold ETFs, driving Bitcoin prices higher. Binance also attracted significant institutional interest, as average Bitcoin holdings on exchanges surged from 0.36 BTC in 2023 to 1.65 BTC in 2024. Binance became the first centralized exchange to exceed $100 trillion in transaction volume. The platform gained user trust and liquidity, underscoring its leadership position. Innovative features like Binance Launchpool attracted users seeking new altcoin rewards. The developments in 2024 indicate that Binance is not merely thriving but playing a pivotal role in the broader acceptance of cryptocurrency within mainstream finance. Disclaimer: The information contained in this article does not constitute investment advice. Investors should be aware that cryptocurrencies carry high volatility and therefore risk, and should conduct their own research. Source: https://en.bitcoinhaber.net/binance-sets-new-standards-in-2024

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Filed under: News - @ December 19, 2024 12:27 pm