CryptoQuant analysts have posted that Binance has consistently led the cryptocurrency market in terms of the number of Bitcoin (BTC) and Ethereum (ETH) outflow transactions since 2018. In 2024, this dominance remains solid, with Binance recording the highest number of monthly BTC and ETH outflow transactions of any centralized exchange (CEX). Notably, Binance handled nearly 2 million BTC and ETH outflow transactions in the last month of 2024.