Binance’s stablecoin reserves on ERC-20 have reached an all-time high of $28 billion, signaling increased confidence and activity in the cryptocurrency market. This milestone reflects broader trends in 2024, a year marked by significant institutional participation and rising average deposit sizes across major exchanges. Stablecoin Reserves (ERC-20) on Binance Hit All-Time High by $28.0B “Rising reserves indicate renewed confidence, increased trading activity, and staking.” – By @JA_Maartun Read more 👇https://t.co/i0oMBZ9xck pic.twitter.com/FbKhul0e2u — CryptoQuant.com (@cryptoquant_com) December 2, 2024 Exchanges have reported sharp increases in Bitcoin and USDT deposits, indicating heightened activity from professional and corporate investors. Average Bitcoin deposits per transaction
The post Binance Stablecoin Reserves Hit $28B As Institutional Interest Surges appeared first on The Merkle News.