Binance processed 59,000 daily altcoin deposits during the Nov–Dec rally, far surpassing Coinbase and other exchanges combined.
On Ethereum, Binance led with 53,000 stablecoin inflow transactions, ahead of Coinbase, Bybit, and OKX in the same timeframe.
Binance also received 384,000 USDT deposits on TRON in one week, showing continued dominance in stablecoin-driven capital movement.
Binance keeps bringing in the highest number of altcoin and stablecoin deposits, particularly during major market rallies, and maintaining that trust with users and liquidity.
Altcoin Activity Surges on Binance During Market Highs
As reported by CryptoQuant.com, Binance was notable during the November–December 2024 rally, with around 59,000 daily altcoin deposit transactions. Coinbase had about 26,000 daily altcoin deposit transactions, and 24,000 across all other exchanges.
https://twitter.com/cryptoquant_com/status/1935025261134704942
Even when markets are calmer, Binance still leads. It averages 13,000 daily altcoin inflows, double the volume seen on Coinbase and more than what’s handled by most other platforms combined. The number of unique wallet addresses sending funds also reflects this trend. During the same rally period, Binance saw 42,000 active addresses, while Coinbase had 21,000, and other exchanges reached about 18,000.
Traders often move altcoins to exchanges during price surges to lock in gains. With Binance consistently seeing the most action, it’s clear why many choose it as their go-to platform when the market heats up.
Stablecoin Deposits Show Binance’s Strength Across Networks
Binance isn’t just dominating altcoin inflows—it’s also leading in stablecoin deposits. On Ethereum, the platform recently processed around 53,000 USDT and USDC transactions. Coinbase followed with 42,000, while Bybit and OKX saw 28,000 and 11,000 respectively.
On the TRON network, Binance handled 384,000 USDT transactions over the past week. That’s more than Bybit’s 321,000 and HTX’s 163,000 combined. These large inflows of stablecoins point to Binance’s central role in preparing capital for trading, especially during active market cycles.
Stablecoin transactions often rise when traders are getting ready to buy or sell. And Binance is where much of that activity is happening.
Binance Remains a Top Choice for Traders
Regardless of whether the day is a rally day or a routine trading day, Binance continues to lead in both number of trades and volume. They lead by being the top place for the most inflows, across networks and asset types, making it the first stop for many crypto users.
These consistently strong numbers illustrate great liquidity and broad market participation, keeping Binance firmly in first place in the global crypto exchanges landscape.
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