Binance emerged as the leading cryptocurrency exchange in CryptoQuant’s 2024 Crypto Survey, reinforcing its dominance across key metrics. The survey, conducted in November and December 2024, gathered responses from 1,478 users, primarily data-savvy crypto investors who rely on CryptoQuant’s analytics.
Secures global market leadership
The survey reveals that 53% of the respondents indicated that Binance was the main central exchange, with the majority using the platform for most of their digital assets. This survey shows Binance’s relative security and reliability for experienced users.
Based on the survey, more than half of the participants placed Binance at the top in one of the major sectors in cybersecurity, a clear majority of 54%. Similarly, customer care service (55%) and P2P trading (59%) also ranked best. 32% of the participants even voted Binance as the best in the compliant category, with the next highest competitor being 18% lower.
Globally, Binance showed outstanding performance by taking shares of 60% to 75% in regions like the Middle East and Africa. It acquired significant shares in the markets of Asia and Europe by capturing 50% and 51%, respectively. These data validate Binance’s all-around effect, one-size-fits-all concept, and capacity to address the ever-evolving user demands.
Binance drives financial growth for users
The survey unveiled the role of Binance in the financial empowerment of users. Without a doubt, 51% of the reported cases were the ones that succeeded in making profits with the help of the platform. They said the main reasons for that were the advanced trading tools, the high liquidity, and the features’ creativity.
Moreover, Binance Launchpool was the best decision for the release of new tokens, as more than 40% said they were involved in using it. However, the survey was not the only jurisdiction in which Binance had its victories in 2024. By being the most visited crypto platform, the company was awarded the title by Cloudflare.
It took the 6th place globally in the financial services sector. A similar record happened when the exchange was the first centralized one to achieve more than $100 trillion in trading volumes per CCData. According to DefiLlama, $21.6 billion of funds flowed into the platform by the end of December, almost 40% more than the total of the top ten competitors.
