Bitcoin hits new highs again! Binance has seen an influx of 1 billion pounds in funds in recent weeks, and the cryptocurrency market is really hot.

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Under the growth of asset reserves, Binance has recorded a continuous increase in fund inflows, highlighting the platform's strength and the increasing recognition of digital assets in the global financial sector. After the US election, the increased user participation further emphasizes the industry's expanding role in mainstream financial and policy discussions.

Binance, the world's leading blockchain ecosystem and the Cryptocurrencyexchange with the largest volume and user base, recorded a billion-dollar inflow of funds for two consecutive weeks. According to DefiLlama's data, Binance's net capital inflow in November has exceeded $5 billion, which is five times the net capital inflow of the second largest platform. This significant growth highlights Binance's position as the preferred trading platform in the market, as demand rises and interest in digital assets increases.

Source: DefiLlama

On November 6th (Wednesday), Binance recorded over 13 million app visits in a single day, coinciding with increased attention following the announcement of the U.S. presidential election results. Under this trend, Binance's user assets have reached $130 billion. According to DefiLlama's data, this is the highest user asset holding since Binance introduced Proof of Reserves two years ago. Additionally, a report by CryptoQuant indicates that Binance's reserve ratio (the proportion of reserves held by Binance compared to all exchange reserves) has risen to 25% this month, a 4% increase from November 2023 when it was 21%. These milestones further validate users' long-standing trust in Binance as a secure platform for managing and protecting their digital assets.

Image source: CryptoQuant

The recent surge in user activity also reflects broader market trends: since November 5, the BTC price has risen by nearly 20%, and the Ether price has soared by 30%. These price fluctuations highlight the role of digital assets as a key component of the modern financial system.

Binance CEO Richard Teng said, 'During this period of soaring cryptocurrency prices, the continuous inflow of 1 billion US dollars into Binance and the increase in reserve ratio have demonstrated Binance's strength and resilience, making it the choice of nearly 240 million users worldwide. At the same time, this also reflects the growing acceptance of digital assets and their growth in the global financial industry.'

"During major political events such as the U.S. presidential election, there is an increasing amount of discussion surrounding Crypto Assets, indicating the increasingly important role that Crypto Assets play in shaping the future of finance and policy. We are indeed witnessing the golden age of Crypto Assets, with its potential being embraced and realized globally," Richard added.

As the encryption asset industry continues to develop and integrate into public discourse, Binance will continue to strive to provide a secure, transparent, and comprehensive encryption ecosystem for global users.

"Bitcoin has repeatedly hit new highs! Binance has attracted 1 billion funds in the past few weeks, the encryption market is really hot." This article was first published in 'Encryption City'.