Traders Return to Binance
An important article from Bloomberg was written recently:
For those who cannot read the article, I would like to talk a little about its content and then summarize the positive atmosphere in the crypto markets for 2024 in the light of this data.
In the Bloomberg article, @Binance It is emphasized that the net inflows recorded after the agreement made with the US authorities have surpassed those of its major competitors. "Traders are returning to Binance." With DefiLlama data shared under the title
It is emphasized that the world's largest crypto exchange has seen the highest monthly entry amount since November 2022.
In the article, @_RichardTeng It is stated that after the appointment of Binance as CEO, the negative period experienced by Binance was overcome and the stock market regained stability in December.
Bitcoin's nearly 160% rally last year and the U.S. Securities and Exchange Commission's (SEC) approval this month of the first exchange-traded funds to invest directly in the largest token have given the sector a significant boost.
It is emphasized that this situation also positively affected Binance.
Since it is by far the largest crypto exchange in the world, developments regarding Binance naturally affect the industry significantly.
The fact that the number of members is approaching 175 million users worldwide and increasing day by day shows us that;
As a natural reflection of these positive developments on the Binance side, the weather is now getting better in the crypto markets.
The 2023-2024 benchmark will support this positive environment...
Uncertainties left behind in 2023:
-FED interest rate hike process
-Binance US court uncertainty
-SEC Spot ETF approval process Positive expectations for 2024:
-Interest reductions
-BTC inflation will decrease with the upcoming Bitcoin halving
-Inflow news of major funds through existing ETFs
-Possible new ETF approvals I hope a year full of good developments and records in every field awaits us.
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*The information, comments and recommendations contained in this article are not within the scope of investment consultancy.
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